For Sale
$5,170,732

1200 Wolcott StWaterbury, CT 06705

Waterbury, CT Auto Shop Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
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
1200 Wolcott St, Waterbury, Connecticut

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1200 Wolcott St
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