1196 E Main St - Bank FOR SALE


Torrington, CT 06790
$1,064,348 USD
201-661-1238
1196 E Main St, Torrington, CT for Sale
$1,064,348 USD
Bank - FOR SALE
1/3
null | 5.75% Cap Rate

1196 E Main St
Torrington, CT 06790


HIGHLIGHTS

  • High-Volume of Bank Deposits
  • Corporate Guarantee
  • Strong Income Demographics
  • Dense Retail Corridor

OVERVIEW

Surmount is pleased to present the exclusive listing for a Bank of America located at 1196 East Main Street, Torrington, CT 06790. The site consists of roughly 2,203 rentable square feet of building space on an estimated 0.52-acre parcel of land. Bank of America is subject to a long-term Double Net (NN) lease, which commenced 2/23/1972. The current annual rent is $60,000, and will increase to $61,200 on 2/1/2027. Bank of America recently exercised a Tenant Renewal Option at this location.

FOR SALE DETAILS

PRICE

$1,064,348 USD

PRICE/SF

$483 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

LB

APN/PARCEL ID

TORR-000137-000009-000005

ASK ABOUT THIS PROPERTY

Francis PurritanoSurmountMore Info
201-661-1238

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Francis PurritanoSurmountMore Info
201-661-1238

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.