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211 White Street, Danbury, CT

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211 White Street

Danbury, CT 06810-6826 - Danbury Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1950
Building Size:7,286 SF Land Area:.42 AC (18,295 SF)
For Sale Price:$1,683,000 Price/SF:$230.99
Cap Rate:8.18 %
Portfolio:This property is for sale (for $6,970,500) as part of a portfolio of 4 properties. Parking:21 Surface spaces are available; Ratio of 4.6/1,000 SF

Sale Notes:
INVESTMENT OPPORTUNITY WITH A FORTUNE 500 COMPANY TENANT: 6,700 RSF in a single story retail building on 0.42 acres for sale at traffic signal at the corner of White Street and Eighth Avenue. Fully leased to single tenant, PPG Paints (formerly Painter' s Supply) with corporate guarantee from Fortune 500 company. The 2015 NOI is $134,640 with an 8% CAP rate.

ADDITIONAL INCOME SOURCE: 100% leased 3,289 SF multi-family house is included with the acquisition. Currently generating $38,700/annually in additional income from three tenants not included in NOI. Renovated in 2012 .

Near top national retailers including Walmart, Home Goods, Staples, Whole Foods, Starbucks, Auto Zone, Family Dollar, Dunkin' Donuts, Walgreens, Marshalls, Subway, McDonald' s and Burger King. Situated across from Western State Connecticut University Midtown Campus. Located 1.5 miles to I-84, Exits 5 and 6, and less than one mile to the Danbury Metro North Train Station.

Angel Commercial, LLC
Jon Angel
(203) 335-6600 x21

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