Fair Oaks Center
46,987 SF Center with Tremendous Upside – Waterbury, CT
720 Wolcott Street, Waterbury, Connecticut
Madison Hawk is pleased to present the Fair Oaks Center, a 46,987 square foot retail center on 4.26 acres located in the major retail corridor of Waterbury, Connecticut.
This opportunity offers investors tremendous upside potential and the chance to reposition the property while still generating income of over $145,000 per year at just 19% occupancy. The smaller of the two buildings has just undergone a complete renovation with new HVAC, roof, plumbing and electrical.
The property is just down the street from three major neighborhood centers which are home to some of the nation’s largest retailers, including Super Stop & Shop, Sleepy’s, Walmart, ShopRite ($50M Annual Sales), Staples, Bob’s Clothes, Panera, Planet Fitness, Jo-Ann’s Fabrics, Ollie’s Bargain Outlet, Rite Aid, Wendy’s, Popeye’s, Big Lots, Ocean State Job Lot and Arby’s.
BROKER BROKER PARTICIPATION INVITED – 2% Cooperating Broker Fee
INSPECTION INSPECTION INFORMATION
Wednesdays October 7, 14, 21 & 28
Auction Date & Location:
Bids must be delivered to the offices of Madison Hawk on or before 3:00 PM, Thursday November 12, 2015.
Waterbury Project Manager
575 Lexington Avenue
New York, NY 10022