532 S Leonard St, Waterbury, CT 06708

Connecticut > Waterbury > 06708 > Brooklyn

532 S Leonard St, Waterbury, CT 06708

Propane Distribution Facility and Billboard with Long Term Leases: 532 S Leonard St, Waterbury, CT 06708

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For Sale

Industrial

For Sale

This property is available for sale

0.19

Acres

Negotiable

Sale Price

Year Built
1970

Overview
532 South Leonard Street is an 8,355 SF industrial facility located adjacent to Route 8 in Waterbury, CT. The property is leased long term to a regional propane exchange company and a publicly traded billboard company. The property is highlighted by long term leases, NNN rents, quality tenants, and an attractive yield.

8,355 SF Total with 5,115 SF Office and 3,210 SF Garage
Anchor Tenants: Anthem Propane (Wholly owned subsidiary of NGL Energy Partners (NYSE: NGL)) Lamar Companies (NASDAQ: LAMR)
1.82 acre lot
NOI: $72,000
Cap Rate: 9.68%
4,800 SF parcel with outdoor billboard income
IG Zoning
Long term leases

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Property Details

Propane Distribution Facility and Billboard with Long Term Leases

532 South Leonard Street is an 8,355 SF industrial facility located adjacent to Route 8 in Waterbury, CT. The property is leased long term to a regional propane exchange company and a publicly traded billboard company. The property is highlighted by long term leases, NNN rents, quality tenants, and an attractive yield.

8,355 SF Total with 5,115 SF Office and 3,210 SF Garage
Anchor Tenants: Anthem Propane (Wholly owned subsidiary of NGL Energy Partners (NYSE: NGL)) Lamar Companies (NASDAQ: LAMR)
1.82 acre lot
NOI: $72,000
Cap Rate: 9.68%
4,800 SF parcel with outdoor billboard income
IG Zoning
Long term leases