649 W MAIN ST

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649 W MAIN ST

WATERBURY, CT 06702-1082
Asking Price
$6.33M
Cap Rate
8.9%
Asset Type
Auto Shop Retail
Class
Class B

What's Special

LONG-TERM ANCHORED NEIGHBORHOOD CENTER WITH EMBEDDED RENT GROWTH <ul><li>​<strong>Long-Term Anchored Center</strong> - Many Tenants have been in place since the property's inception, demonstration strong historical occupancy and stability</li><li>​<strong>National Credit Tenancy</strong> - Anchored by Walgreens, Advance Auto Parts, KFC and Monro Muffler - all recognized national brands </li><li>​<strong>Embedded NOI Growth</strong> - Upside available through lease-up of vacant space and contractual rent increases</li><li>​<strong>Two Fee-Simple Outparcels</st

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NOI
$80,000
Cap Rate
1.26%
DSCR
0.21
Underwater
Cash-on-Cash
-15.57%
Monthly Payment
$31,292.649
Annual Cash Flow
$-295,511.788

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