1225 Thomaston Avenue, Waterbury, CT 06704
1225 Thomaston Avenue
Waterbury, CT 06704
PRICE REDUCTION:
Investment Property with Fortune 500 Tenant for Sale at $750,000
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 $750,000. Fully leased to PPG Paints with a corporate guarantee from a Fortune 500 Company until 12/31/2024, the property is a 6,615 RSF one-story retail building on 0.67 acres with abundant parking. The projected 2022 NOI is $66,150.
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: | $750,000 |
| Real Estate Taxes: | $32,761.84 (2022) |
| Projected 2022 NOI: | $66,150 |
| Lease Termination Date: | 12/31/2024 |
| 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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