Grocery Anchored Investment
96 Grove St Waterbury, CT 06710
For Sale
$4,500,000
Grocery-anchored property with long-term lease and strong tenant.
Days on Market96
Property Features for 96 Grove St
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
2016
Listing Agency:
Titanium Real Estate Group,LLC
(203) 707-6615
Listed By:
Hitomi Batista
(203) 707-6615
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 4:47AM
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 Titanium Real Estate Group,LLC
Investment Insights
Based on property information with market context.
This property is a grocery-anchored investment opportunity featuring a Food Universe supermarket under a 25-year lease through July 15, 2048, providing long-term, stable cash flow. Food Universe is backed by Key Food Stores Co-operative Inc., a nationally recognized grocery operator with a strong network and established credit profile. The asset benefits from visibility and accessibility, positioned on a corner with access to I-84 and Route 8, and features site functionality including 51 parking spaces and a loading dock. The surrounding area is strengthened by a newly completed 44 unit residential development directly across the street. The property is located within both a federally designated Opportunity Zone and an Enterprise Zone, offering potential tax incentives. The property has a walk score of 84, indicating it is very walkable, a transit score of 57, indicating good transit, and a bike score of 35, indicating it is somewhat bikeable. This property is intended for use as a grocery store and supermarket.
Key Highlights
- Long‑term, stable cash flow is ensured by a brand‑new Food Universe supermarket under a 25‑year lease (expires July 15, 2048).
- Food Universe is backed by Key Food Stores Co‑operative Inc.
- Exceptional visibility and accessibility on a prominent corner with convenient access to I‑84 and Route 8.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Duran market — 722 E Main St, Waterbury, CT 06702
- Hill St. Mini Market — 262 Hill St, Waterbury, CT 06704
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Grocery-anchored property with long-term lease and strong tenant.
Where is this grocery and convenience store located?
The property is located at 96 Grove St Waterbury, CT.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Long‑term, stable cash flow is ensured by a **brand‑new Food Universe supermarket under a 25‑year lease (expires July 15, 2048)**.; Food Universe is backed by Key Food Stores Co‑operative Inc.; Exceptional visibility and accessibility on a prominent corner with convenient access to I‑84 and Route 8.
