Waterbury Retail for Sale
We are pleased to present the opportunity to acquire a single-tenant, ground lease Popeyes asset in Waterbury, Connecticut. The property is 100% leased on
an absolute NNN basis to a seasoned Popeyes operator with a proven operating history and regional scale. The 20-year lease commenced in 2021 with 16 years of firm term remaining and no landlord responsibilities, offering truly passive, long term income.
Strategically positioned at the signalized intersection of Huntingdon Avenue and Thomaston Avenue – just off the CT Route 8/James H. Darcey Memorial Highway (35,000+ VPD) – the asset benefits from excellent visibility and combined traffic counts exceeding 35,400 vehicles per day at the hard corner. The 1.21-acre parcel offers a drive-thru layout, efficient ingress/egress, and strong site fundamentals supporting sustained tenant performance.
Importantly, this is a rare opportunity to acquire a ground lease QSR asset in a high-barrier-to-entry Northeastern market. The greater New Haven–Waterbury corridor features strict zoning, limited retail pad availability, and entrenched demand from long-established neighborhoods. Drive-thru entitlements remain scarce in Connecticut, enhancing the long-term value of the site.
Waterbury anchors the Central Naugatuck Valley and sits just 30 minutes from Yale University, 40 minutes from Hartford, and within 30–45 minutes of other major institutional anchors including University of Bridgeport, Sacred Heart University, and Western Connecticut State University in Danbury. These regional institutions, along with two major hospitals and over 3.5 million square feet of industrial inventory, generate reliable foot traffic, workforce housing demand, and daily consumer spending across the trade area.
This offering represents a compelling opportunity to acquire a passive, recession resistant QSR investment with future upside in one of the most supply-constrained and institutionally backed regions of the country
