Investment Overview

Marcus & Millichap is pleased to present Oak HarborVillage Square, a three-building, 53,493-squarefoot commercial property located at 567 South County Trail in Exeter, Rhode Island. Positioned along Route 2, one of the primary commercial corridors serving Exeter and the surrounding South County communities, the property benefits from excellent visibility, convenient regional access, and limited competing retail development. The multi-building property features ample on-site parking and convenient access to Route 102 and Interstate 95, drawing customers from Exeter, North Kingstown, Richmond, WestGreenwich, and the broader SouthCounty region. Oak Harbor Village Square features a diversified mix of retail, restaurant, and service-oriented tenants, reducing reliance on any single tenant or business category. The property also includes five residential apartments, providing an additional source of recurring income and further distinguishing the asset from a traditional neighborhood shopping center. The property’s broad tenant mix creates natural cross-traffic, with restaurants and cafés complementing childcare, fitness, beauty, professional services, pet-oriented businesses, and other destination uses. Numerous leases include scheduled rent increases, with many providing annual increases of approximately 3%, generating contractual revenue growth. The relatively small size of the individual commercial suites provides flexibility to accommodate a broad range of businesses while limiting exposure to the loss of any single tenant. Oak Harbor Village Square offers investors the opportunity to acquire an established mixed-use asset along one of Exeter’s principal commercial corridors. The property combines diversified commercial and residential income, contractual rent growth, a complementary tenant mix, ample parking, and convenient regional access in a market characterized by limited competing commercial development. Its position as an established neighborhood destination and diversity of revenue sources provide a durable foundation for long-term occupancy and cash flow, with additional income growth potential through future leasing and rent increases.