Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

926 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Bank Of America | Corp NN w/ Increases 107 Main St 4,266 SF Retail Building Old Saybrook, CT 06475 $4,285,475 CAD ($1,004.57 CAD/SF) 7% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

2+ Years Remaining | Options To Extend | Scheduled Rental Increases | Established Brand | $240M+ Deposits
Old Saybrook Shopping Center (330,000+ SF) | Retail Corridor |Strong National/Credit Tenant Presence | Drive-Thru Equipped

NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Bank of America investment property located in Old Saybrook, Connecticut. The tenant, Bank of America, N.A., has 2+ years remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 14% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. The property is equipped with a double drive-thru along Main St, providing ease and convenience for customers. This location reported over $240 million in deposits.