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Shopping Community

CVS Plaza

104 Boston Post Rd, Waterford, CT 06385

Listing Price: $7,995,000

Cap Rate
6.46%
Gross SF
22,411
Rentable SF
22,411
Price/Gross SF
$356.74
Lot Size
4.50 acres
Year Built
2006

Investment Overview

Marcus & Millichap is exclusively offering for sale CVS Plaza, a 22,411-square-foot, two-building neighborhood plaza located at 104-106 Boston Post Road in Waterford, Connecticut. The plaza consists of a freestanding 13,013-square-foot CVS and a 9,398-square-foot multi-tenanted strip center, built in 2006. The strip center is 79% occupied by four tenants: Bank of America (1,916 sf), Subway (1,950 sf), Papa John’s (1,882 sf) and Smoothie King (1,600 sf). There is one available unit totaling 2,000 square feet. The subject property is located at the signalized intersection of Boston Post Road (US Route 1) and Minor Lane directly across from and adjacent to both of the area’s two grocery stores, Stop & Shop and Aldi’s, as well as a McDonalds.

Investment Highlights

  • Long-Term CVS Lease
  • Premier Retail Location–Across from Super Stop & Shop, Aldi's and McDonalds
  • Excellent Visibility on Route 1
  • Signalized Intersection
  • Well Maintained Center
  • Appropriate Tenant Mix for Demographics
  • Across from Recently Completed 90 Unit Multifamily Development
  • New 72 Unit Multifamily Development Directly Behind CVS Plaza

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, MA: 138295, CT: REB.0239741, NJ: 9210310

    Westchester

  • Jeffrey M. Stearney

    Licensed Associate Real Estate Broker

    (914) 220-9761

    Email Jeffrey

    License(s): NY: 10301217368

    Westchester

Financing By

Shopping Community

CVS Plaza

Listing Price: $7,995,000

Cap Rate
6.46%
Gross SF
22,411
Rentable SF
22,411
Price/Gross SF
$356.74
Lot Size
4.50 acres
Year Built
2006

Investment Highlights

  • Long-Term CVS Lease
  • Premier Retail Location–Across from Super Stop & Shop, Aldi's and McDonalds
  • Excellent Visibility on Route 1
  • Signalized Intersection
  • Well Maintained Center
  • Appropriate Tenant Mix for Demographics
  • Across from Recently Completed 90 Unit Multifamily Development
  • New 72 Unit Multifamily Development Directly Behind CVS Plaza

Investment Overview

Marcus & Millichap is exclusively offering for sale CVS Plaza, a 22,411-square-foot, two-building neighborhood plaza located at 104-106 Boston Post Road in Waterford, Connecticut. The plaza consists of a freestanding 13,013-square-foot CVS and a 9,398-square-foot multi-tenanted strip center, built in 2006. The strip center is 79% occupied by four tenants: Bank of America (1,916 sf), Subway (1,950 sf), Papa John’s (1,882 sf) and Smoothie King (1,600 sf). There is one available unit totaling 2,000 square feet. The subject property is located at the signalized intersection of Boston Post Road (US Route 1) and Minor Lane directly across from and adjacent to both of the area’s two grocery stores, Stop & Shop and Aldi’s, as well as a McDonalds.

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, MA: 138295, CT: REB.0239741, NJ: 9210310

    Westchester

  • Jeffrey M. Stearney

    Licensed Associate Real Estate Broker

    (914) 220-9761

    Email Jeffrey

    License(s): NY: 10301217368

    Westchester

Financing By

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