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694-696 West Ave 17,000 SF 100% Leased Retail Building Norwalk, CT 06850 $8,750,000 ($514.71/SF) 6.76% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Great location not far from I-95 and the Route 7 interchange.

EXECUTIVE SUMMARY

This well situated, very stable property with long-term leases at reasonable rents and fully reimbursable expenses (Except Structural), including management is available for sale

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,000 SF
Building Class
C
Year Built
1927
Price
$8,750,000
Price Per SF
$514.71
Cap Rate
6.76%
NOI
$591,303
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
1.02 AC
Opportunity Zone
Yes
Zoning
CBDB - Commercial Business
Parking
60 Spaces (3.53 Spaces per 1,000 SF Leased)
Frontage
174’ on West Ave

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 12,000 SF
  • $38.90
  • Triple Net
  • Jun 2028

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 12,000 SF $38.90 Triple Net Jun 2028

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • Ground
  • 10,000 SF
  • Retail
  • -
  • 60 Days

This is the 10,000 SF CVS space which comes with a full basement.

Space Size Space Use Position Available
Ground 10,000 SF Retail - 60 Days

Ground

Size
10,000 SF
Space Use
Retail
Position
-
Available
60 Days

Ground

Size 10,000 SF
Space Use Retail
Position -
Available 60 Days

This is the 10,000 SF CVS space which comes with a full basement.

Walk Score®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Key Food
Fairfield County Bank
Chase Bank
Goldfish Swim School
The YMCA
Starbucks
Webster Bank
Duchess Restaurant
D1 Sports Training
Orangetheory Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NORW-000001-000027-000018
Land Assessment
$1,056,380
Improvements Assessment
$3,181,960
Total Assessment
$4,238,340
  • Listing ID: 22589812

  • Date on Market: 3/29/2021

  • Last Updated:

  • Address: 694-696 West Ave, Norwalk, CT 06850

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