Century Plaza 649 W Main St
36,680 SF 91% Leased Retail Building Waterbury, CT 06702 $7,585,057 ($206.79/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Well-Positioned, 91% Occupied Retail Center | Upside Available Through Lease-Up of Vacant Space
- Out Parcels Included in Sale: (One) Free-Standing KFC w/ Drive-Thru and Free Standing Monro Muffler
- Located at the T-Intersection of W. Main St and Thomaston Ave (40,400 VPD+)
- Attractive Tenant Roster with Majority of Tenants Operating Since the Property was Built
- Strategically Located In Between Two Major Hospital Systems; Waterbury Hospital, a 357-Bed Hospital Just 0.6 Miles Away
- Proximity to On and Off Ramps to Heavily Traveled Interstate 84 and Route 8
EXECUTIVE SUMMARY
Encore REIS is pleased to present Century Plaza located in Waterbury, CT along a busy main arterial road. Located just east of downtown Waterbury, the plaza is also close to ramps for Interstate 84 and Route 8. Century Plaza has excellent positioning and easy access due to its positioning at the traffic light.
This legacy asset has never traded ownership and now features new long-term leases from Walgreens, Advance Auto Parts and KFC, each of these tenants, including the others within the center, have occupied these spaces since the inception of this property.
This legacy asset has never traded ownership and now features new long-term leases from Walgreens, Advance Auto Parts and KFC, each of these tenants, including the others within the center, have occupied these spaces since the inception of this property.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
36,680 SF
Building Class
B
Year Built
1994
Price
$7,585,057
Price Per SF
$206.79
Cap Rate
7.75%
NOI
$587,842
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.20
Lot Size
4.16 AC
Zoning
IG
Parking
225 Spaces (6.13 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
3,150 SF +/- SF Retail End Cap available immediately s for $15/SF NNN
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,150 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 3,150 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | WATE-000272-000022-000023 | Improvements Assessment | $3,351,740 |
| Land Assessment | $593,110 | Total Assessment | $3,944,850 |
