Century Plaza
36,680 SF | 84% Leased | Retail Building | Waterbury, CT 06702 | $7,785,000 ($212/SF) | 8% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $7,785,000
- Property Type
-
Retail
- Square Feet
- 36,680 SF
- Price / Square Foot
- $212
Listing Contacts
Deno Bistolarides
Verified Profile
Brent Hanna
Verified Profile
Brandon Hanna
Verified Profile
Ryan Vinco
Verified Profile
- Property Info
Property Overview
Encore REIS is pleased to present The 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.
Property Details
- Class
- B
- Year Built
- 1995
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 181,210 SF
Highlights
- Well-Positioned, 84% Occupied Retail Center | Upside Available Thru Lease-Up of Vacant Space
- Attractive Tenant Roster with Majority of Tenants Operating Since the Property was Built
- Out Parcels Included in Sale: (One) Free-Standing KFC w/ Drive-Thru and Free Standing Monro Muffler
- Strategically Located In Between Two Major Hospital Systems; Waterbury Hospital, a 357-Bed Hospital Just 0.6 MilesAway and St. Mary's Hospital
- Proximity to On and Off Ramps to Heavily Traveled Interstate 84 and Route 8
- Dense Residential Infill Location | 65,911 Residents within 2 Miles
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