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Shops at Main Street | Walgreens Anchored 620 Main St
20,266 SF 100% Leased Retail Building Watertown, CT 06795 $1,550,000 ($76/SF) 9.05% Cap Rate
Investment Highlights
- New 5 Year Extenation | Value Add Opportunity | Starbucks in Mkt Established Pharmacy Location (Over 30 Yrs)
- Major Thoroughfare | Excellent Visibility and Access
- Affluent Population
- NNN leases | Limited Landlord Responsibilities | Fee Simple Ownership
- Retail Corridor | Large Pylon Sign | Near Taft School
Executive Summary
5- year option to extend, demonstrating their commitment to the site
• Starbucks developed recently in the market. Site is prime for new construction
• The property has been a pharmacy for over 30 years and is well established in the trade area
• The asset also contains a cleaners and over 10,000 SF of second story space providing value-add through lease-up
• Adjacent property also available - Contact listing agent for details
Property Facts
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
About 620 Main St , Watertown, CT 06795
• Nearby national/credit tenants include Marshalls, Adams Hometown Market, Starbucks, AutoZone, and more • Increases consumer draw to the trade area and promotes crossover shopping • Large pylon sign provides increased visibility • The asset is located less than 3 miles from The Taft School, built on 226-acres with a student body of 580+ • The campus rivals those of many small colleges, including a library with 55,000 print volumes; a 45,000 square foot science and mathematics building; two theaters; two ice hockey rinks; and an 18-hole golf course
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | WATE-000099A-000065-040003 | Improvements Assessment | $951,790 |
| Land Assessment | $171,360 | Total Assessment | $1,123,150 |
PROPERTY TAXES
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Shops at Main Street | Walgreens Anchored | 620 Main St
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