Property Description
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.
Features
- Heating System:
- Gas On Gas
- Cooling System:
- No
- Foundation Type:
- Concrete
- Flooring:
- Concrete
- Interior Features:
- Loading – Dock Height
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 51
- Location:
- Highway Access, Downtown, Shopping Mall
- Lot Description:
- Corner Lot
- Water Source:
- Public Water Connected
Address Map
- Street:
- Grove
- Street Number:
- 96
- Floor Number:
- 0
- Longitude:
- W74° 57′ 2.2”
- Latitude:
- N41° 33′ 57.1”
MLS Addon
- Office Name:
- Titanium Real Estate Group,LLC
- Agent Name:
- Hitomi Batista
- List Agent MLSID:
- BATISTAH
- List Office MLSID:
- 13168
- Tax Year:
- July 2025-June 2026
- Directions:
- GIS Corner of Grove St and Cook St
- HOA Fee Amount:
- $0
- Parcel Number:
- 1379637
- Property Tax:
- $48,725
- Zoning:
- CG
Commercial For Sale
96 Grove, Waterbury, 06710
0 Bedrooms
0 Bathrooms
17,180 Sqft
$4,500,000
Listing ID #24166907
Basic Details
- Property Type :
- Commercial For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24166907
- Price :
- $4,500,000
- Bedrooms :
- 0
- Baths Total :
- 1
- Bathrooms :
- 0
- Half Bathrooms :
- 1
- Square Footage :
- 17,180 Sqft
- Year Built :
- 2016
- Lot Area :
- 1.04 Acre
- City:
- Waterbury
- Zipcode:
- 06710
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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