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.

DOCUMENTS

LISTING BROKER
Jon Angel

President
Angel Commercial, LLC

PROPERTY DETAILS

STREET VIEW

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

STREET VIEW

1225

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