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Miscellaneous

Beechwood Behavioral Residence

105 Beechwood Ave, Pawtucket, RI 02860

Listing Price: $777,500

Cap Rate
8.00%
Tenant Name
Vanderburgh House LLC
Gross SF
4,353
Guarantor
Corporate Guarantee
Rentable SF
4,353
Price/Gross SF
$178.61
Lease Type
Absolute Net
Rent Per Square Feet
$14.29

Investment Overview

The subject property is a Behavioral Residence located at 105 Beechwood Avenue in Pawtucket, Rhode Island. This sale leaseback includes a 15-year lease to be executed at closing along with three five-year options. With 3% increases every year and an absolute NNN lease, this is a very desirable asset for an investor looking for passive income with no landlord responsibilities. There were $138,000 of capital improvements completed in 2019-2020. The property is located adjacent to the Tidewater Landing Redevelopment which will add 435 residential units and 120,000 square feet of commercial and retail space. The property is located five minutes away from downtown Pawtucket. 105 Beechwood Avenue is less one mile away from access to I-95 and US Route 1. There are 311,115 people with an average household income of $76,483 within a 5-mile radius of the property. This location is six miles outside of downtown Providence and is three miles away from the Massachusetts’ border. It is walking distance to McCoy Stadium which was home to the Pawtucket Red Sox Baseball Team before they moved to Worcester in 2020.

Investment Highlights

  • Sale Leaseback with 15-Year Lease at Closing
  • 3% Rental Increases Annually
  • 6 Miles from Downtown Providence

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    (718) 475-4360

    License(s) RI: REC.0018863

    Rhode Island

Miscellaneous

Beechwood Behavioral Residence

Listing Price: $777,500

Cap Rate
8.00%
Tenant Name
Vanderburgh House LLC
Gross SF
4,353
Guarantor
Corporate Guarantee
Rentable SF
4,353
Price/Gross SF
$178.61
Lease Type
Absolute Net
Rent Per Square Feet
$14.29

Investment Highlights

  • Sale Leaseback with 15-Year Lease at Closing
  • 3% Rental Increases Annually
  • 6 Miles from Downtown Providence

Investment Overview

The subject property is a Behavioral Residence located at 105 Beechwood Avenue in Pawtucket, Rhode Island. This sale leaseback includes a 15-year lease to be executed at closing along with three five-year options. With 3% increases every year and an absolute NNN lease, this is a very desirable asset for an investor looking for passive income with no landlord responsibilities. There were $138,000 of capital improvements completed in 2019-2020. The property is located adjacent to the Tidewater Landing Redevelopment which will add 435 residential units and 120,000 square feet of commercial and retail space. The property is located five minutes away from downtown Pawtucket. 105 Beechwood Avenue is less one mile away from access to I-95 and US Route 1. There are 311,115 people with an average household income of $76,483 within a 5-mile radius of the property. This location is six miles outside of downtown Providence and is three miles away from the Massachusetts’ border. It is walking distance to McCoy Stadium which was home to the Pawtucket Red Sox Baseball Team before they moved to Worcester in 2020.

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    (718) 475-4360

    License(s): RI: REC.0018863

    Rhode Island

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