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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 06704

INVESTMENT OPPORTUNITY WITH A FORTUNE 500 COMPANY TENANT: 6,615 RSF one-story building on 0.67 acres for sale with ample parking. Renovated in 2011. Fully leased to a single tenant, PPG Paints (formerly Painter’s Supply) with a corporate guarantee from a Fortune 500 company. The projected 2021 NOI is $68,690.

Near top national retailers including Target, CVS, McDonald’s, Sears, Subway, Dollar General, Starbucks, Radio Shack, AutoZone, Family Dollar, Kmart, Staples, 7 Eleven and TJ Maxx. Located less than 1 mile from Route 8, Exit 36.

The Site
Total Building Size: 6,615 RSF
Land: 0.67 acres
Real Estate Taxes: $29,783.48 (2020)
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: 18th April 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.