Cumberland Medical Center | Cumberland, RI
Sands Investment Group is Pleased to Present Exclusively For Sale the 11,800 SF Cumberland Medical Center Asset Investment Located at 106 Nate Whipple Hwy in Cumberland, Rhode Island. This Deal Includes 100% Occupied Medical Building, With 2% Annual Increases Throughout the Building and the Building is Below Replacement Costs, Providing For a Unique Investment.
- 2% Annual Increases Throughout the Building
- Average Lease Term Remaining is Over 4 Years, Assuring No Upcoming Vacancies
- 100% Occupied Medical Building
- Building is Below Replacement Costs
- All Tenants Are Internet, Recession and Pandemic Proof
- Walgreens Occupies 65% of the Building With a Lease That Extends Through November of 2026
- Located Just Off Mendon Road Which Sees Nearly 12,790 VPD
- Strong Demographics With a Population of 34,685 Residents Making an Average Household Income of $103,709 Within a 3-Mile Radius
- Nearby Retailers Include: Dollar Tree, Dunkin’, Holiday Inn Express & Suites, Kohl’s, Lowe’s, Walmart, PetSmart, ALDI and Stop & Shop
In Cooperation With ParaSell, Inc., Lic. # REC.0018146 BoR: Scott Reid – Lic. # REC.0018146
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