620 Main St - Storefront Retail/Office FOR SALE


Watertown, CT 06795
$1,550,000 USD
929-229-2614
620 Main St, Watertown, CT for Sale
$1,550,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 9.05% Cap Rate

620 Main St
Watertown, CT 06795


HIGHLIGHTS

  • New 5 Year Extenation | Value Add Opportunity | Starbucks in Mkt Established Pharmacy Location (Over 30 Yrs)
  • NNN leases | Limited Landlord Responsibilities | Fee Simple Ownership
  • Major Thoroughfare | Excellent Visibility and Access
  • Retail Corridor | Large Pylon Sign | Near Taft School
  • Affluent Population

OVERVIEW

• Walgreens took over this former Rite Aid location, and recently exercised their 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

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

9.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops at Main Street | Walgreens Anchored

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Drug Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

CROSS STREETS

Heminway Court

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

B-D

APN/PARCEL ID

WATE-000099A-000065-040003

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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