1200 Wolcott St, Waterbury, CT 06705-1320

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 12,400 square foot Caliber Collision auto shop in Waterbury, Connecticut. Built in 2024, the property sits on a 1.76-acre lot at 1200 Wolcott St, 06705, and boasts a 15-year absolute triple-net (NNN) lease with a prominent national tenant, commencing December 14, 2024, and expiring December 30, 2039. The lease includes a 10% rent increase every five years, providing built-in inflation protection. The current annual net operating income (NOI) is $318,000, resulting in a 6.15% cap rate and a price per square foot of $416.99. The asking price for this 100% occupied property is $5,170,732. Located in a high-traffic area with easy access to major highways I-84 and Route 8, this property benefits from the strong corporate guarantee of Caliber Collision, a leading national auto body repair company with over 1,800 locations. This is a rare opportunity to acquire a passive investment in a recession-resistant industry within a densely populated area of Connecticut. The property's strategic location within the New Haven-Hartford-Waterbury MSA, serving a population of 155,000 within a 5-mile radius, ensures consistent demand.