Property Details

Bank of America

Torrington, CT
Property ID: 15016

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

Offering Memorandum

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Contact

Jonathan W. Hipp
Capital Markets Head of U.S. Net Lease Group
703.787.4725
Michael O'Mara
Senior Vice President
617.549.5154

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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

Traci BidingerBank of America