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694-696 West Ave

17,000 SF 100% Leased Retail Building Norwalk, CT 06850 $12,656,875 CAD ($745 CAD/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

Marketing Brochure/Flyer

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

17,000 SF

Building Class

Year Built

1927

Price

$12,656,875 CAD

Price Per SF

$745 CAD

Cap Rate

6.76%

NOI

$855,320 CAD

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 ft on West Ave

AMENITIES

Signage

MAJOR TENANTS

Retailer
12,000 SF
$56.27 CAD
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.