1387 Watertown Avenue
Waterbury Connecticut

Description:

(COMMISSION AGENT LEASE OFFERING) This modern gas station and 3,500-square-foot convenience store is located on a high-traffic corridor in Waterbury, CT, with approximately 16,300 vehicles passing daily. The property features six fueling pumps with 12 dispensers, including diesel, and a convenience store recently expanded to include a walk-in humidor and a fully renovated interior. A dedicated deli/quick service restaurant (QSR) space, equipped with a hood, grill, fryers, hot cases, and a TurboChef oven (valued at approximately $50,000), offers flexibility for the tenant to utilize the space or sublease it for an additional income. An LOI for $3,500 per month is already in place, contingent on the new tenant's approval. Lease terms include $450,000 key money, a 10-year lease, and a $0.05 commission per gallon. The property is scheduled to rebrand from Citgo to an unbranded station in August 2025, creating a significant opportunity to increase both fuel and in-store sales. This turn-key operation, with its prime location, modern amenities, and growth potential, is an ideal opportunity for an experienced operator looking to maximize profitability. Prospective tenants must sign a Non-Disclosure Agreement (NDA) with the listing agent before the property address and additional details can be disclosed.

Listing Courtesy of Regency Real Estate, LLC