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Wynding Hill Plaza 131 Boston Post Rd

21,870 SF 100% Leased Retail Building Waterford, CT 06385 $6,000,000 ($274/SF) 6.28% Cap Rate

Investment Highlights

  • 100% occupied multi-tenant strip center with two retail buildings and a gas station located in a busy retail area of Waterford, CT
  • Located at a heavily trafficked signalized intersection; directly across the street from Waterford Plaza, a Stop & Shop and Ollie’s anchored center
  • Located directly across the street from a brand-new Aldi, Chipotle, and M&T Shopping Center on Boston Post Road which was recently completed
  • Long-term occupancy featuring a mix of national & local tenants that have been managed by the same family for multiple generations
  • Desirable demographics with approximately 77,000 residents in a 5-mile radius with average household incomes exceeding $91,000
  • Surrounding national retailers include Aldi, Chipotle, M&T Bank, Stop & Shop, McDonald’s, Citizen’s Bank, Ollie’s, Sherwin-Williams, CVS

Executive Summary

Rare retail opportunity in Waterford, CT. Ideally located on Boston Post Road with excellent visibility and surrounded by numerous national retailers. The subject property is located at a heavily trafficked, signalized intersection across from a newly developed Aldi-anchored shopping center.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,870 SF
Building Class
C
Year Built/Renovated
1990/2009
Price
$6,000,000
Price Per SF
$274
Cap Rate
6.28%
NOI
$376,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
2.10 AC
Zoning
C-G - General Commercial
Parking
80 Spaces (3.66 Spaces per 1,000 SF Leased)
Frontage
243 FT on Clark

Amenities

  • Pylon Sign
  • Signalized Intersection

Nearby Major Retailers

Citizens Bank
Stop & Shop
Liberty Bank
ALDI
Planet Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WATE-000133-000000-000573
Land Assessment
$544,050
Improvements Assessment
$811,340
Total Assessment
$1,355,390
  • Listing ID: 31916851

  • Date on Market: 5/24/2024

  • Last Updated:

  • Address: 131 Boston Post Rd, Waterford, CT 06385

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