Downtown Retail With Family Dollar
For Sale
Contact for pricing
91 Cooke St, Waterbury, CT 06710
Leased retail asset with five years remaining on a primary lease featuring a corporate Family Dollar guarantee.
Property Size16,388 SF
Price / SF$142.91
Days on Market335
Property Features for 91 Cooke St
General Information
Standard status
Active
Size
16,388 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Crownbrook
Traffic Count
124,000 vehicles/day
Highway Access
Yes
Listing Agency:
Marcus & Millichap | Phoenix
(602) 687-6700
Listed By:
Chris Lind · License #SA627823000
(602) 370-9255
Source:
Moodyscre
Added: Dec 4, 2025
Changed: Nov 1
Last Checked: Nov 3 at 7:30AM
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 | Phoenix
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Investment Insights
Based on property information with market context.
This downtown retail property is offered for sale with five years remaining on the primary lease term and a corporate Family Dollar guarantee. The lease also includes multiple renewal options with rent increases, providing an extended contractual outlook.
The property is described as being located in the heart of downtown Waterbury within a densely populated trade area, with nearly 27,000 residents within one mile. It is also noted as being about one mile from Interstate 84, which is described as carrying approximately 124,000 cars per day.
At 91 Cooke St, the offering is a single retail asset positioned for continued operation under its existing lease structure, subject to the terms of the primary lease and available renewals.
The property is described as being located in the heart of downtown Waterbury within a densely populated trade area, with nearly 27,000 residents within one mile. It is also noted as being about one mile from Interstate 84, which is described as carrying approximately 124,000 cars per day.
At 91 Cooke St, the offering is a single retail asset positioned for continued operation under its existing lease structure, subject to the terms of the primary lease and available renewals.
Key Highlights
- Leased retail asset with 5 years remaining on the primary lease term
- Primary lease includes a corporate Family Dollar guarantee
- Multiple renewal options with rent increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,554
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,771,080
$2.8M
Cap Rate 7%
$1,979,343
$2.0M
Cap Rate 9%
$1,539,489
$1.5M
Market Conditions
NOI Build-Up for 16,388 SF
Gross rent
$216.3K $13.20/SF
− Vacancy
−$18.4K −$1.12/SF
EGI
$197.9K $12.08/SF
− OpEx
−$59.4K −$3.62/SF
NOI
$138.6K $8.45/SF
Area
Waterbury, CT
Vacancy
8.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,771,080
Cap Rate 7%
$1,979,343
Cap Rate 9%
$1,539,489
Alternative Uses
Best Use
Retail
$1.98M
$1.73M – $2.31M
NOI $138,554 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.35M
$3.81M – $5.07M
NOI $304,423 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
124,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,662
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
8,702 visits/mo
0.1 miles
Family Dollar
Shops & Services
3,459 visits/mo
0.4 miles
TD Bank
Shops & Services
2,666 visits/mo
0.3 miles
Webster Bank
Shops & Services
2,431 visits/mo
0.5 miles
Demographics for 06710, CT
11,056
Population
4,515
Households
2.4
Avg Household Size
32
Median Age
15%
College-Educated
71%
High-School Grad
1.0 sq mi
ZIP Area
11,056
Density / Sq Mi
$42,774
Median Household Income
$33,880
Median Earnings
$1,135
Median Rent
$219,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Leased retail asset with five years remaining on a primary lease featuring a corporate Family Dollar guarantee.
Where is this retail space located?
The property is located at 91 Cooke St Waterbury, CT.
What is the asking price?
The asking price for this property is $2,342,000.
What are key features of this property?
This property features: Leased retail asset with 5 years remaining on the primary lease term; Primary lease includes a corporate Family Dollar guarantee; Multiple renewal options with rent increases
