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107 Main St
Old Saybrook, CT 06475

Price Upon Request

Bank For Sale  •  4,266 SF

Property Details

  • Property Type Bank
  • Total Building Size 4,266 SF
  • Lot Size 0.53 AC
  • Building Class C
  • Year Built 1950
  • Tenancy Single
  • Zoning B-1
0 Transit Score
67 Walk Score

Highlights

The above market rental increases of 15% each option period provides an investor a hedge against inflation.
Established branch with $279 million deposits, ranking #1 in the zip code.
High barrier to entry market with strict zoning code makes relocation with a permitted drive-thru difficult.
Investment grade credit tenant with an S&P rating of A+
Property is located in an extremely affluent Connecticut location with average household income of $161,000 within 1 mile.

Amenities

  • Banking
  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Security System
  • Signage
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Old Saybrook (Shore Line East - Shore Line East) 1 min 9 min 0.5 mi
Westbrook (Shore Line East - Shore Line East) 8 min - 5.3 mi
AirportDriveWalkDistance
Tweed/New Haven 38 min - 29.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 26
Type: Surface
Included in Rent: Yes