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Tel: 203.335.6600

1225 Thomaston Avenue, Waterbury, CT 06704

Retail Investment Property for Sale at $765,000.00

Retail Investment Property For Sale in Waterbury, CT

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 single tenant, PPG Paints (formerly Painter’s Supply) with corporate guarantee from Fortune 500 company. The projected 2018 NOI is $65,052.69 with a 9% CAP rate.

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.

Also available for sale as part of a 2 Property Investment Portfolio.

The Site
Space Available:6,615 RSF
Total Building Size:6,615 RSF
Land:0.67 acres
Real Estate Taxes:$24,753.18 (2017)
Zoning:IG
Year Built:1962, renovated in 2011
Construction:Masonry
Stories:One
Tenancy:Single
Occupancy:100%
Financial Information
Cap Rate:9%
Projected 2018 NOI:$65,052.69
Features
Traffic Count::8,000 Average Daily Traffic Volume
Parking:Ample
Utilities
Water/Sewer:City/City
Heating:Gas
Three Mile Demographics
Population:83,406
Median HH Income:$42,436
Five Mile Demographics
Population:146,394
Median HH Income:$50,206
Updated: 22nd May 2018
Contact:
Jon Angel
President
203.335.6600, Ext. 21
jangel@angelcommercial.com

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No warranty of 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.