For Sale
$6,000,000

131 Boston Post RdWaterford, CT 06385

High-Yield Retail Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents Wynding Hill Plaza, a 21,870 square foot, multi-tenant shopping center in Waterford, Connecticut. Boasting a 100% occupancy rate and a strong NOI of $376,604, this property offers a compelling 6.28% cap rate at an asking price of $6,000,000 ($274.35/sq ft). Built in 1990, the property comprises three single-story buildings situated on a 2.1-acre lot at a highly visible, signalized intersection on Boston Post Road. The center benefits from a diverse tenant mix of national and local businesses, many with long-term leases managed by the same family for generations. Its prime location across from a newly developed Aldi-anchored shopping center, and surrounded by numerous national retailers including Stop & Shop, Ollie's, McDonald's, Citizen's Bank, Chipotle, M&T Bank, Sherwin-Williams, CVS, Smoothie King, Dunkin', and Dollar General, ensures consistent high traffic and strong visibility. The desirable demographics of the area, with approximately 77,000 residents within a 5-mile radius and average household incomes exceeding $91,000, further enhance the investment potential. A new convenience gas station is currently under construction on the site. This is a rare opportunity to acquire a fully occupied, high-performing retail center in a thriving Northeast location.

Highlights

  • 100% occupied, 21,870 SF multi-tenant retail center in Waterford, CT, with excellent visibility on Boston Post Road.
  • Strong tenant mix of national and local businesses with long-term leases, managed by the same family for generations.
  • High-traffic, signalized intersection location directly across from a newly developed Aldi-anchored shopping center.
  • Desirable demographics: 77,000 residents within a 5-mile radius, average household income exceeding $91,000.
  • Surrounded by numerous national retailers including Stop & Shop, Ollie's, McDonald's, and more; new convenience gas station under construction on-site.

Property Details for 131 Boston Post Rd

Property type
Lifestyle centers, Power centers
Square Feet
21,870 SF
Year Built
1990
Buildings
3
Stories
1
Lot Size (sq. ft)
91,476 SF

Location Insight

City
Waterford
County
New London
State
Connecticut
Latitude
41.3427483
Longitude
-72.1268495
131 Boston Post Rd, Waterford, Connecticut

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131 Boston Post Rd
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