Horvath & Tremblay sells 5,100 s/f Dunkin’ Plaza for $1.832 million

Smithfield, RI Aaron Huntley, Brian Ahrens, Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of the Dunkin’ Plaza. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,832,135.

The Dunkin’ Plaza is located at 259 Putnam Pk. Dunkin’ Plaza is fully leased to Dunkin’, Barre & Yoga Experience and Piezoni’s and contains 5,100 s/f. Dunkin’ has been at this location since 2016 and has under one year remaining on their lease with three, 10-year renewal options. Barre & Yoga Experience has been at this location since 2018 and has nine years remaining on their lease. Piezoni’s has been at this location since 2016 and has one year remaining on their lease. Each of the tenants’ leases provide attractive rent increases. The Dunkin’ Plaza is situated along Putnam Pk. (US Rte. 44), the area’s primary commercial and commuter corridor. The property is adjacent to the signalized intersection with Esmond St. and is less than one mile from The Crossing at Smithfield, which is home to Target, Home Depot, Kohl’s, Dave’s Fresh Marketplace and countless other national retailers and restaurants that drive traffic to the area. Additionally, the property is convenient to the area’s residential neighborhoods providing a captive customer base. Dunkin’ Plaza is 0.25 miles from I-295 and is positioned to capture commuters traveling to and from the highway. Dunkin’ Plaza is close to the area’s primary drivers including large corporations, area public and private schools, and several colleges. The property is 5.5 miles from downtown Providence.