Skip to content

1225 Thomaston Avenue, Waterbury, CT 06704

Retail Investment Property for Sale at $850,000.00

1225 Thomaston Avenue, Waterbury, CT 06704
1225 Thomaston Avenue, Waterbury, CT

Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer an investment opportunity at 1225 Thomaston Avenue in Waterbury, CT, for sale at $850,000. Fully leased to PPG Paints with a corporate guarantee from a Fortune 500 Company, the property is a 6,615 RSF one-story retail building on 0.67 acres with abundant parking. The projected 2021 NOI is $68,690.

Pittsburgh Paint (PPG Industries) assumed the lease for this property as a result of their purchase of Painter’s Supply.​ As a $13.8 billion, Fortune 500 company, and global supplier of paints and specialty products, PPG Industries’ acquisition of Painter’s Supply strengthens this investment property.​

1225 Thomaston Avenue is located less than one mile from Route 8 (Exit 36) and near top national retailers including Target, CVS, McDonald’s, 7-Eleven, Cumberland Farms, Aldi, Stop & Shop, and Bank of America.

For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext.​ 21.

The Site
Total Building Size: 6,615 RSF
Land: 0.67 acres
Real Estate Taxes: $32,762.08 (2021)
Zoning: General Industrial District (IG)
Year Built: 1962, renovated in 2011
Construction: Masonry
Stories: One
Tenancy: Single
Occupancy: 100%
Financial Information
Projected 2021 NOI: $68,690
Features
Traffic Count: 7,921 Average Daily Traffic Volume
Parking: Ample
Utilities
Water/Sewer: City/City
Heating: Gas
   
Three Mile Demographics
Population: 82,844
Median HH Income: $41,797
Five Mile Demographics
Population: 144,849
Median HH Income: $51,365
Updated: 8th December 2021
Contact:
Jon Angel, President
203.335.6600, Ext. 21
jangel@angelcommercial.com
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,
omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.