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Tel: 203.335.6600

211 White Street, Danbury, CT 06810

Retail Investment Property for Sale at $1,683,000.00

211 White Street, Danbury, CT

INVESTMENT OPPORTUNITY WITH A FORTUNE 500 COMPANY TENANT: 6,700 RSF in a single story retail building on 0.42 acres for sale at traffic signal at the corner of White Street and Eighth Avenue. Fully leased to single tenant, PPG Paints (formerly Painter’s Supply) with corporate guarantee from Fortune 500 company. The projected 2018 NOI is $143,115.92 with an 9% CAP rate.

ADDITIONAL INCOME SOURCE: 100% leased 3,289 SF multi-family house is included with the acquisition. Currently generating $38,700/annually in additional income from three tenants - not included in NOI. Renovated in 2012 .

Near top national retailers including Walmart, Home Goods, Staples, Whole Foods, Starbucks, Auto Zone, Family Dollar, Dunkin’ Donuts, Walgreens, Marshalls, Subway, McDonald’s and Burger King. Situated across from Western State Connecticut University Midtown Campus. Located 1.5 miles to I-84, Exits 5 and 6, and less than one mile to the Danbury Metro North Train Station.

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

The Site
Space Available:6,700 SF
Total Building Size:7,286 SF approximately
Land:0.42 acres
Real Estate Taxes:$17,740.56 (2017)
Zoning:RH3
Year Built:1950
Construction:Masonry
Tenancy:Multiple
Occupancy:100%
Financial Information
Cap Rate:9%
Projected 2018 NOI:$143,115.92
Features
Traffic Count::17,800 Average Daily Traffic Volume
Parking:14 Spaces
Utilities
Water/Sewer:City/City
A/C:Partial
Heating:Gas
Three Mile Demographics
Population:76,865
Median HH Income:$68,702
Five Mile Demographics
Population:115,028
Median HH Income:$79,500
Updated: 22nd May 2018
Contact:
Jon Angel
President
203.335.6600, Ext. 21
jangel@angelcommercial.com

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omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.