Horvath&Tremblay Trade Newport Retail for $8.5M

East Providence — Bob Horvath and Todd Tremblay of Horvath & Tremblay brokered the sale of Newport Center in East Providence, Rhode Island. The NNN duo exclusively represented the seller on the $8,500,000 transaction.

Newport Center is located at 75 Newport Avenue in East Providence. The newly constructed 12,637 SF plaza is fully leased to six (6) tenants. Newport Center is home to Chipotle, Jersey Mike’s, AT&T, Wingstop, Noir Nails & Spa and Salon Suites.

All of the leases call for attractive rent increases in either the primary lease terms or renewal option periods. Newport Center occupies a prime position along Newport Avenue (U.S. Route 1A), offering strong visibility, frontage, and access near the signalized intersections with Narragansett Park Drive and New Road.

Located along one of East Providence’s primary commercial corridors, the Property sits across from an Aldi and Burlington-anchored shopping center and directly in front of the newly constructed Newport Avenue Apartments, enhancing both visibility and built-in demand. The surrounding area features a dense mix of national and local retailers and restaurants, as well as established residential neighborhoods, multifamily communities, and area schools, all of which contribute to consistent consumer traffic. The site also provides excellent regional connectivity, with convenient access to U.S. Routes 1, 1A, and 44, RI Routes 114 and 152, and Interstates 95 and 195, allowing for efficient travel to Downtown Providence (5 miles away) and throughout the greater Rhode Island market.

Todd Tremblay

Bob Horvath