Financial Summary
| Asking Price | $995,000 |
| Cap Rate | 6.00% |
| Net Operating Income (NOI) | $60,000 |
| Lease Type | NNN |
| Lease Term Remaining | 5+ Years |
| Increases | 2% Annually |
Highlights
- Located in excellent retail corridor
- Large publicly traded credit worthy tenant
- Good ingress/egress
- Small price point, high yield investment
- Building type lends itself to alternative uses
- Location has been in continuos existence for 49 years, from original lease with Fleet Bank
- Deposits of $68 million
Net Lease Advisor
For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.
Location
1196 E Main Street
Torrington, CT
