Smoke Terminal

779 Wolcott St, Waterbury, CT 06705
Price $914,333
Cap Rate 7.50%
NOI $68,575

For More Information

Spencer O’Donnell
714-400-6267

Property Description

  • 10-Year Brand New NNN Lease – 2023 Remodel – Rare New England Location on Major Retail Corridor

  • High Traffic Location – Wolcott St (23,900 Cars Per Day) and Adjacent to Interstate-84 (128,700 Cars Per Day)

  • Fee Simple (Land & Building) – True Coupon Clipper Investment – Long-Term Lease – One 10-Year Option

  • Strong, Fixed Annual 2% Rental Escalations Throughout Primary Term and Option – Effective Inflation Hedge

  • Waterbury, CT – Strategically Located – Steady Population Growth – Accessible to New York (77 miles), Hartford (33 miles), New Haven (23 miles)

  • Incredible Demographics – 102,580 Population within 3-Mile Radius – Stable Cash Flow from Emerging Sector

  • Nearby National Retailers include Walmart, Stop & Shop, ShopRite, Harbor Freight Tools, Planet Fitness, McDonald’s, Taco Bell, KFC, Burger King, Dunkin’, Firestone, Meineke, and Others

  • Pride of Ownership – Delivered Free & Clear of Debt – Long-Term Rental Growth

Area Demographics

Radius
Population 2024
Median HH Income
Average HH Income
1 miles
18,150
$48,528
$62,324
3 miles
103,483
$63,331
$83,614
5 miles
160,797
$75,709
$100,823