1200 Wolcott St Waterbury, CT 06705-1320
- Industrial properties
- 3.86 lot acres
Current Use by Public Records
- Prestige Auto Superstore / Used Car Dealer
- Intoxalock Ignition Interlock / Safety Equipment Supplier / Auto Electrical Service
- Prestige Auto Cars / Used Car Dealer
Property Details for 1200 Wolcott St
- Lot size
- 3.86 lot acres
- Zone code
- IL
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- WBRY M:0170 B:0458 L:0071
- APU
- WBRYM0170B0458L0071
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $485,000
- 6.5%
- $470,000
- 7%
- $485,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $550,000
- Geo Method
- $500,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $500,000
- Retail
- $455,000
- Mixed-Use
- $590,000
- Hospitality
- $540,000
- Educational
- $520,000
- Residential Income
- $500,000
- Energy
- $495,000
- Income-Based Land
- $580,000
- Food Service
- $530,000
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0018
- Latitude
- 41.5726
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA