Citibank Norwalk, CT

586 Connecticut Ave
Norwalk, CT

Price: $6,394,000
Cap Rate: 4.50%
NOI: $287,725
Building Size: Approx. 6,770 Sq. Ft.
Lot Size: Approx. 1.15 Acres
Type: Single-Tenant / Retail
Sub Category: Bank / Financial
Year Built: 1995

Investment Overview

 

  • Branch Deposits $218M | 6,770+/- SF Building on 1.15+/- Acre Site
  • Long Term Corporate Absolute NNN Lease w/ 2% Annual Increases
  • Located along Connecticut Avenue (25,689 VPD)  & Keeler Avenue
  • Signalized Intersection, Across Home Depot & Walmart Anchored Center
  • Near Norwalk Community College & 3-Miles SW of downtown Norwalk
  • 45-Minutes from New York City, the world’s largest financial hub
  • Strong Income Demographics w/ est. $160,618 within a 3-Mile Radius
  • Greater Bridgeport (MSA) | Top Population Growth | Pop: 1M+