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649 W Main St
Waterbury, CT 06702
Century Plaza · Retail Property For Sale
Investment Highlights
- Long-Term Anchored Center - Many Tenants have been in place since the property's inception, demonstration strong historical occupancy and stability
- Embedded NOI Growth - Upside available through lease-up of vacant space and contractual rent increases
- Strategic Location - Situated between two major hospital systems and at the intersection of W. Main St & Thomaston Ave (40,400+ VPD)
- National Credit Tenancy - Anchored by Walgreens, Advance Auto Parts, KFC and Monro Muffler - all recognized national brands
- Two Fee-Simple Outparcels - Free-standing KFC with drive-thru and Monro Muffler included in the sale
- Strong Demographics - Dense residential infill location with household income exceeding $76,000 within 5 miles
Executive Summary
Long-Term Anchored Center - Many Tenants have been in place since the property's inception, demonstration strong historical occupancy and stability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
36,680 SF
Building Class
B
Year Built
1994
Price
$8,605,226 CAD
Price Per SF
$234.60 CAD
Cap Rate
8.90%
NOI
$766,205 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.20
Lot Size
4.16 AC
Zoning
IG - General Industrial
Parking
225 Spaces (6.13 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | WATE-000272-000022-000023 | Improvements Assessment | $4,560,076 CAD |
| Land Assessment | $806,932 CAD | Total Assessment | $5,367,008 CAD |
Property Taxes
Parcel Number
WATE-000272-000022-000023
Land Assessment
$806,932 CAD
Improvements Assessment
$4,560,076 CAD
Total Assessment
$5,367,008 CAD
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