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211 White Street, Danbury, CT 06810

Investment Property with Fortune 500 Tenant for Sale at $1,500,000

211 White Street, Danbury, CT
211 White Street, Danbury, CT

Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer an investment opportunity at 211 White Street in Danbury, CT, for sale at $1,500,000. Fully leased to PPG Paints with a corporate guarantee from a Fortune 500 Company, the property consists of a 6,700 RSF single-story retail building on 0.42 acres conveniently located at a traffic signal at the corner of White Street and Eighth Avenue. The projected 2021 NOI is $186,624.

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.​

ADDITIONAL INCOME SOURCE:
A 3,289 RSF multifamily house renovated in 2012 is included with the acquisition and is currently generating $38,700/annually from month-to-month agreements from three tenants.

The property is 1.5 miles to I-84 (Exits 5 & 6) and situated across from Western State Connecticut University. It is near top national retailers including Walmart, Home Goods, Starbucks, Auto Zone, Dollar Tree, Dunkin’, Walgreens, CVS, McDonald’s and Burger King.

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

The Site
Total Building Size: 6,700 RSF (Retail) &
3,289 RSF (Multi-Family)
Land: 0.42 acres
Real Estate Taxes: $23,410.32 (2021)
Zoning: High-Rise Residential District (RH3)
Year Built: 1950
Construction: Masonry
Tenancy: Multiple
Occupancy: 100%
Financial Information
Projected 2021 NOI: $186,624
Features
Traffic Count: 20,620 Average Daily Traffic Volume
Parking: 17 Spaces
Utilities
Water/Sewer: City/City
A/C: Partial
Heating: Gas
Three Mile Demographics
Population: 76,643
Median HH Income: $66,786
Five Mile Demographics
Population: 115,662
Median HH Income: $79,154
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.