1030 Wolcott St - Drug Store FOR SALE


Waterbury, CT 06705
$5,180,000 USD
248-702-0288
1030 Wolcott St, Waterbury, CT for Sale
$5,180,000 USD
Drug Store - FOR SALE
1/6
null | 5.27% Cap Rate

1030 Wolcott St
Waterbury, CT 06705


HIGHLIGHTS

  • Brand New 15yr Corporate BofA Lease w/ 2.5% Annual Increases | Rent Commencement Date - November 16, 2024
  • Strategic Relocation Branch – Consolidation of Two Local Branches – Expected $500M in Deposits at Subject Branch
  • Immediate Upside Through Leasing the Adjacent 4,884 SF Vacancy
  • Billboard Location for Bank of America
  • Situated on the Signalized intersection of Lakewood and Wolcott Street (43,000 VPD) w/ Excellent Exposure
  • Positioned Along a Major Retail Corridor Surrounded by a Plethora of National Retailers Including: Super Walmart, Stop & Shop, McDonald’s, Panera Brea

OVERVIEW

Brand New 15yr Corporate BofA Lease w/ 2.5% Annual Increases Rent Commencement Date - November 16, 2024 Strategic Relocation Branch – Consolidation of Two Local Branches – Expected $500M in Deposits at Subject Branch Immediate Upside Through Leasing the Adjacent 4,884 SF Vacancy Billboard Location for Bank of America Situated on the Signalized intersection of Lakewood and Wolcott Street (43,000 VPD) w/ Excellent Exposure Positioned Along a Major Retail Corridor Surrounded by a Plethora of National Retailers Including: Super Walmart, Stop & Shop, McDonald’s, Panera Bread, Shop Rite, Firestone and many more

FOR SALE DETAILS

PRICE

$5,180,000 USD

PRICE/SF

$472 USD /SF

CAP RATE

5.27%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America - Two Tenant Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

3.22 AC

LAND SF

140,263 SF

ZONING

CA

APN/PARCEL ID

WATE-000204-000450-000002

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.