211 White Street
Danbury, CT 06810
Investment Property with Fortune 500 Tenant for Sale at $1,400,000
Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer an investment opportunity at 211 White Street in Danbury, CT, for sale at $1,400,000. Fully leased to PPG Paints with a corporate guarantee from a Fortune 500 Company until 12/31/2024, the property consists of a 6,700 RSF single-story retail building on 0.42 acres with a new roof (2022) conveniently located at a traffic signal at the corner of White Street and Eighth Avenue. In addition, a 3,289 RSF multifamily house repainted in 2022 is included with the acquisition and is currently generating $38,700/annually from month-to-month agreements from three tenants. The projected 2022 NOI is $145,900.
The property is 1.5 miles to I-84 (Exits 5 & 6) and situated across from Western State Connecticut University. It is near top national retailers including Walmart, Home Goods, Starbucks, Auto Zone, Dollar Tree, Dunkin’, Walgreens, CVS, McDonald’s, and Burger King.
Angel Commercial, LLC
|Real Estate Taxes:||$23,936.20 (2022)|
|Projected 2022 NOI:||$145,900|
|Lease Termination Date:||12/31/2024|
|Total Building Size:||6,700 RSF (Retail)
3,289 RSF (Multi-Family)
|Zoning:||High-Rise Residential District (RH3)|
|Year Built:||1950, Renovated in 2012|
|Traffic Count:||20,620 Average Daily Traffic Volume|
|Demographics||3 Miles||5 Miles|
|Median HH Income:||$53,464||$66,786|