Webster Bank | 2100 Poquonock Ave
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Webster Bank 2100 Poquonock Ave
2,388 SF Retail Building Windsor, CT 06095 £824,358 (£345/SF) 5.75% Net Initial Yield
Investment Highlights
- Long Term Tenant
- Strong Branch Deposits
- Strong Regional Tenant
- Strategic Retail Location
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Webster Bank located at 2100 Poquonock Avenue in Windsor, Connecticut (the “Property”). Webster Bank has been at this location since 1999 and just extended their lease, demonstrating their commitment to the site and the market. Webster Bank has 10 years remaining on their Absolute NNN lease with two (2), 5-year renewal options. Webster Bank’s lease also calls for attractive annual increases in rent based. The Property is well located along Poquonock Avenue (CT Route 75) and benefits from outstanding visibility and frontage. The Property is positioned at the signalized intersection with the on-off ramp of CT Route 20 (Bradley International Airport Connector) and is just 1.5-miles from Bradley International Airport, the second largest airport in New England. The location is part of a dominant trade area centered around the airport with numerous hotels, businesses, and national tenants drawing significant traffic to the area.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,388 SF
Building Class
B
Year Built
1980
Price
£824,358
Price Per SF
£345
Net Initial Yield
5.75%
NOI
£47,401
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Land Acres
0.50 AC
Amenities
- Drive Thru
PROPERTY TAXES
Parcel Number | WIND-000025-000414-000042 | Improvements Assessment | £219,594 |
Land Assessment | £156,411 | Total Assessment | £376,006 |
PROPERTY TAXES
Parcel Number
WIND-000025-000414-000042
Land Assessment
£156,411
Improvements Assessment
£219,594
Total Assessment
£376,006
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Webster Bank | 2100 Poquonock Ave
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