131 Boston Post RdWaterford, CT 06385

Property Details for 131 Boston Post Rd

Year built

1990

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.62 AC

Property size (Sq ft)

16,756 SF

Zone code

C-G

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WFRD M:133 L:573

APU

WFRDM133L573

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $4,072,293

  6.5%

  $3,759,040

  7%

  $3,490,537

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,517,134

  Geo Method

  $5,517,134

• Alternative Use

  Use

  Valuation

  Residential

  $3,170,890

  Hospitality

  $2,904,519

  Educational

  $2,416,526

  Medical

  $2,499,634

  Retail

  $3,759,040

Location Insight

City

Waterford

County

New London

State

Connecticut

Latitude

41.3429

Longitude

-72.1267

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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