Downtown Retail With Family Dollar
91 Cooke St Waterbury, CT 06710
For Sale
Contact for pricing
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 Market235
Property Features for 91 Cooke St
General Information
- Standard status
- Active
- Size
- 16,388 SF
- Property subtype
- RETAIL
Listing Agency:
Marcus & Millichap | Phoenix
(602) 370-9255
Listed By:
Chris Lind · License #SA550593000
(602) 370-9255
Source:
Moodyscre
Added: Dec 4, 2025
Changed: Jul 22
Last Checked: Jul 22 at 9:44AM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.3k | $13.20 |
| − Vacancy | −$18.4k | −$1.12 |
| EGI | $197.9k | $12.08 |
| − OpEx | −$59.4k | −$3.62 |
| NOI | $138.6k | $8.45 |
16,388 SF · lease $13.20/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
FAQs
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
