Grocery Anchored Investment
For Sale
$4,500,000
96 Grove St, Waterbury, CT 06710
Grocery-anchored property with long-term lease and strong tenant.
Property SizeContact for details
Days on Market107
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: Aug 8 at 10:46AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
2,662
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Duran market — 722 E Main St, Waterbury, CT 06702
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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.
