211 White Street, Danbury, CT

Retail for Sale - $1,683,000 - 7,286 Sq. Ft. on 0.42 acres

Angel Commercial, L.L.C.

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Agent Info

NameJon Angel, President
CompanyAngel Commercial, L.L.C.

Property Info

CIMLS #780718
Location211 White Street
Danbury CT 06810
Last UpdatedSeptember 10th, 2018
TypeRetail
Price$1,683,000
Building7,286 Sq. Ft.
Land0.42 acres
DemographicsView data

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Property Description

INVESTMENT OPPORTUNITY WITH A FORTUNE 500 COMPANY TENANT: 6,700 RSF in a single story retail building on 0.42 acres for sale at traffic signal at the corner of White Street and Eighth Avenue. Fully leased to single tenant, PPG Paints (formerly Painter’s Supply) with corporate guarantee from Fortune 500 company. The projected 2018 NOI is $143,115.92 with an 8.5% CAP rate.

ADDITIONAL INCOME SOURCE: 100% leased 3,289 SF multi-family house is included with the acquisition. Currently generating $38,700/annually in additional income from three tenants - not included in NOI. Renovated in 2012 .

Near top national retailers including Walmart, Home Goods, Staples, Whole Foods, Starbucks, Auto Zone, Family Dollar, Dunkin’ Donuts, Walgreens, Marshalls, Subway, McDonald’s and Burger King. Situated across from Western State Connecticut University Midtown Campus. Located 1.5 miles to I-84, Exits 5 and 6, and less than one mile to the Danbury Metro-North Train Station.

Also available for sale as part of a 2 Property Investment Portfolio.

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Financials

INVESTMENT OPPORTUNITY WITH A FORTUNE 500 TENANT IN DANBURY, CT FOR $1,683,000.


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