1225 Thomaston Avenue, Waterbury, CT 06704
1225 Thomaston Avenue
Waterbury, CT 06704
Investment Property with Fortune 500 Tenant for Sale at $850,000
Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer an investment opportunity at 1225 Thomaston Avenue in Waterbury, CT, for sale at $850,000. Fully leased to PPG Paints with a corporate guarantee from a Fortune 500 Company, the property is a 6,615 RSF one-story retail building on 0.67 acres with abundant parking. The projected 2021 NOI is $68,690.
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.
1225 Thomaston Avenue is located less than one mile from Route 8 (Exit 36) and near top national retailers including Target, CVS, McDonald’s, 7-Eleven, Cumberland Farms, Aldi, Stop & Shop, and Bank of America.
For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21.
| Financial Information | |
| Sale Price: | $850,000 |
| Real Estate Taxes: | $32,761.84 (2022) |
| Projected 2021 NOI: | $68,690 |
| The Site | |
| Total Building Size: | 6,615 RSF |
| Land: | 0.67 acres |
| Zoning: | General Industrial District (IG) |
| Year Built: | 1962, Renovated in 2011 |
| Construction: | Masonry |
| Stories: | One |
| Tenancy: | Single |
| Occupancy: | 100% |
| Features | |
| Traffic Count: | 7,921 Average Daily Traffic Volume |
| Parking: | Ample |
| Utilities | |
| Water/Sewer: | City/City |
| A/C: | None |
| Heating: | Gas |
| Demographics | 3 Miles | 5 Miles |
| Population: | 82,844 | 144,849 |
| Median HH Income: | $41,797 | $51,365 |
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