Encore REIS is pleased to present Century Plaza, a 91% occupied multi-tenant retail center situated on 4.23 acres at a highly visible, signalized hard-corner intersection in Waterbury, Connecticut - just east of the downtown district. Built in 1994, the attractively constructed center features a drive-thru pharmacy pickup window, prominent pylon signage at the intersection of Thomaston Avenue and West Main Street, and multiple points of ingress/egress, with combined daily traffic counts exceeding 40,000 vehicles per day.
Anchored by long-term national tenants including Walgreens, Advance Auto Parts, KFC (drive-thru), and Monro Muffler, all of whom have operated at the property since its
inception. The stabilized center offers immediate rental growth through in-place lease escalations and limited tenant renewal options. Two income-producing outlots, KFC and
Monro Muffler, are included in the offering.
The property enjoys close proximity to Interstate 84 (200,000+ VPD), major retail corridors, and is strategically located between two regional hospitals: Waterbury Hospital (357 beds) just 0.6 miles away and St. Mary’s Hospital, a Yale-affiliated 347-bed facility, only 1 mile away.