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Shopping Strip

Watertown Strip Center

1142-1156 Main St, Watertown, CT 06795

Listing Price: $3,182,656

Cap Rate
6.25%
Gross SF
9,931
Rentable SF
9,931
Price/Gross SF
$320.48
Lot Size
2.00 acres
Year Built
2001

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Watertown shopping center located at 1142 Main Street, Watertown, CT. The site was first constructed in 2001 and consists of two buildings with a combined size of 9,931 SF. The property sits on two parcels of approximately 2.00 acres of land, with ample room for expansion into the 2nd lot. The tenants in this plaza include Verizon, Supercuts, Tobacco World, Wayback Burger, Nail Zone, Wild Birds Unlimited, and a small vacancy. All of the tenants are subject to net leases where they reimburse for all expenses other than roof/structure, which is a landlord expense. There is one vacancy of 1,050 SF that the seller will master lease at $20 per SF for one year. Other than the vacancy and Nail Zone, all other tenants have roughly five years or more remaining on the lease resulting in an average weighted lease term of 4.88 years remaining.

Investment Highlights

  • Low Price Point Strip Center in a Great Community
  • The Center Consists of High-Quality Tenants and an Average Weighted Lease Term of 4.58 Years Remaining
  • The Strip Center is 89.43% Leased with Only One 1,050 SF Vacancy That the Seller will Master Lease for One Year

Exclusively Listed By

Shopping Strip

Watertown Strip Center

Listing Price: $3,182,656

Cap Rate
6.25%
Gross SF
9,931
Rentable SF
9,931
Price/Gross SF
$320.48
Lot Size
2.00 acres
Year Built
2001

Investment Highlights

  • Low Price Point Strip Center in a Great Community
  • The Center Consists of High-Quality Tenants and an Average Weighted Lease Term of 4.58 Years Remaining
  • The Strip Center is 89.43% Leased with Only One 1,050 SF Vacancy That the Seller will Master Lease for One Year

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Watertown shopping center located at 1142 Main Street, Watertown, CT. The site was first constructed in 2001 and consists of two buildings with a combined size of 9,931 SF. The property sits on two parcels of approximately 2.00 acres of land, with ample room for expansion into the 2nd lot. The tenants in this plaza include Verizon, Supercuts, Tobacco World, Wayback Burger, Nail Zone, Wild Birds Unlimited, and a small vacancy. All of the tenants are subject to net leases where they reimburse for all expenses other than roof/structure, which is a landlord expense. There is one vacancy of 1,050 SF that the seller will master lease at $20 per SF for one year. Other than the vacancy and Nail Zone, all other tenants have roughly five years or more remaining on the lease resulting in an average weighted lease term of 4.88 years remaining.

Exclusively Listed By

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