Mid-America Real Estate Corporation in cooperation with The Dartmouth Company is pleased to present Verizon located at 819 Hartford Turnpike in Waterford, CT 06385. The property is comprised of a 3,022 square foot retail building situated on a large .92 acre parcel. Verizon recently signed a 10 year firm term lease for this site with 10% increases every five years. The site is located directly across from the entrance to the Crystal Mall, a 783,000 square foot mall, owned by Simon Property Group. This asset gives potential buyers the opportunity to own a strong investment grade tenant in a desirable, affluent trade area.. Waterford is an affluent coastal town in Connecticut that has a strong and vibrant local economy supported by three colleges. The top local employers are Connecticut College, United States Coast Guard Academy, Mitchell College, JayproSports and Dominion Energy. The town’s economy is also closely tied to New Heaven and Hartford, both cities are less than 45 miles from Waterford. New Heaven is home to Yale University and the Yale –New Heaven Hospital, which combined employ over 23,500 people. Hartford is home to multiple Fortune 500 companies including: Pratt & Whitney, Aetna and Hartford Financial Services Group.
819 Hartford Tpke, Waterford, Connecticut 06385