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LISTING DETAILS

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96 GROVE ST, WATERBURY CT 06710

96 Grove St, Waterbury, CT 06710, USA

FOR SALE

$4,500,000

Property Description

[FOR SALE]


The property located at Grove St & Cook St is a prime grocery-anchored investment opportunity featuring a brand-new Food Universe supermarket under a 25-year lease through July 15, 2048, providing long-term, stable cash flow.

Food Universe is backed by Key Food Stores Co-operative Inc., a nationally recognized grocery operator with a strong network and established credit profile, supporting a highly reliable tenancy.

The asset benefits from exceptional visibility and accessibility, positioned on a prominent corner with convenient access to I-84 and Route 8, and features strong site functionality including ample parking (51 spaces+/-) and a loading dock. The surrounding area continues to strengthen, highlighted by a newly completed 44 unit residential development directly across the street, driving built-in customer traffic.

Additionally, the property is located within both a federally designated Opportunity Zone and an Enterprise Zone, offering potential tax incentives and enhanced after-tax return potential. Overall, the asset offers a compelling combination of long-term contractual income, strong tenant credit support, prime visibility, and public incentive benefits in a growing supermarket.

Property Details

Property Type

FOR SALE: SUPER MARKET

Zoning

CG

Size

17,185 sqft (+/-)

Floors

2

Property Location

96 Grove St, Waterbury, CT 06710, USA

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95 Scovill St, Waterbury CT 06706

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