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Two-Building Neighborhood Shopping Center
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104-106 Boston Post Road, Waterford, CT 06385

Fully occupied plaza with a freestanding pharmacy and multi-tenant retail center at a signalized US Route 1 intersection.

Property Size22,411 SF
Days on Market145

Property Features for 104-106 Boston Post Road

General Information

Standard status Active
Size 22,411 SF
Property subtype Retail

Site & Location

Corner Location Yes
Highway Access Yes
Road Access Yes

Building Details

Year Built 2006
Buildings 2
Tenancy Multi
Listing Agency: Marcus & Millichap - Westchester
Listed By: Joseph French Jr. · License #NY 10301207036
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 10:27PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Westchester

Investment Insights

Based on property information with market context.

CVS Plaza comprises two commercial buildings totaling 22,411 square feet. The property includes a freestanding 13,013-square-foot CVS and a 9,398-square-foot strip center constructed in 2006. The strip center is fully leased to five occupants: Bank of America, Subway, AT&T Wireless, Papa John’s, and Smoothie King.

The property occupies the signalized intersection of Boston Post Road, identified as US Route 1, and Minor Lane in Waterford, Connecticut. Its position at 104-106 Boston Post Road places the plaza directly across from and adjacent to Stop & Shop and Aldi’s, the area’s two grocery stores, as well as a McDonald’s.

The tenant lineup includes retail, food service, wireless, banking, and pharmacy uses. Individual strip-center spaces range from 1,600 to 2,000 square feet, with Bank of America occupying 1,916 square feet, Subway and AT&T Wireless each occupying 2,000 square feet, Papa John’s occupying 1,882 square feet, and Smoothie King occupying 1,600 square feet.

Key Highlights

  • 22,411‑square‑foot plaza with two commercial buildings
  • Freestanding 13,013‑square‑foot CVS building
  • 9,398‑square‑foot strip center built in 2006

Property Analytics

Current Use

Subway Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Dental Office Auto Parts Store Hair Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

358
Businesses Nearby
Well-served
Demand for This Use

Demographics for 06385, CT

15,796
Population
7,407
Households
2.1
Avg Household Size
49
Median Age
41%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
637
Density / Sq Mi
$110,375
Median Household Income
$61,767
Median Earnings
$1,593
Median Rent
$334,900
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Fully occupied plaza with a freestanding pharmacy and multi-tenant retail center at a signalized US Route 1 intersection.
Where is this shopping center located?
The property is located at 104-106 Boston Post Road Waterford, CT.
What are key features of this property?
This property features: 22,411‑square‑foot plaza with two commercial buildings; Freestanding 13,013‑square‑foot CVS building; 9,398‑square‑foot strip center built in 2006
More about this property
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