For Sale
$5,170,732

1200 Wolcott St Waterbury, CT 06705

Waterbury, CT Auto Shop Investment

Overview

Added:
Dec 11, 2024
Days on market:
134
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.

Highlights

  • 15-Year Absolute Net Lease with zero landlord responsibilities.
  • Newly constructed in 2024.
  • Rent increases 10% every five years.
  • Strong corporate guarantee from the nation's largest auto body repair company (1,800+ locations).
  • Recession-resistant, essential business; demand is tied to vehicle ownership.
  • Rare Connecticut investment opportunity in the densely populated New Haven-Hartford-Waterbury MSA; 155,000 residents within a 5-mile radius.

Property Details for 1200 Wolcott St

Property type
Retail properties, Industrial properties
Square Feet
12,400 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
76,666 SF

Location Insight

City
Waterbury
County
New Haven
State
Connecticut
Latitude
41.5724645
Longitude
-73.0020023

FAQs

What type of property is this?
Retail property - Waterbury, CT Auto Shop Investment
Where is the retail property located?
The property is located at 1200 Wolcott St Waterbury, CT.
What is the asking price?
The asking price for this property is $5,170,732.
What are key features of this property?
This property features: 15-Year Absolute Net Lease with zero landlord responsibilities.; Newly constructed in 2024.; Rent increases 10% every five years.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1200 Wolcott St
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