1200 Wolcott StWaterbury, CT 06705

Property Details for 1200 Wolcott St

Lot size

3.86 AC

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.

• CAP approach

  CAP return

  Valuation

  6%

  $34,470,628

  6.5%

  $31,819,042

  7%

  $29,546,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $34,052,624

  Geo Method

  $34,052,624

• Alternative Use

  Use

  Valuation

  Residential

  $31,819,042

  Hospitality

  $29,146,072

  Educational

  $24,249,190

  Medical

  $25,083,156

  Retail

  $37,720,964

Location Insight

City

Waterbury

County

New Haven

State

Connecticut

Latitude

41.5726

Longitude

-73.0018

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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