107 Main St | Old Saybrook, CT 06475
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- LoopNet Team
107 Main St
Old Saybrook, CT 06475
Bank of America · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Extremely Rare, above-market rental increases - 15% every 5 years, upon option renewal
- Flagship BofA Location – 1 of 2 locations in Middlesex County, Property accounts for 50% of total Bank of America deposits in county
- 46+ Year Bank Operating History – Bank of America and predecessor banks have naturally exercised options and extensions since inception
- $261 Million Deposit Base – Deposit base has more than tripled in size since 2020
- Triple Net (NNN) Corporate Lease – Investment-Grade Credit Tenant (S&P “A+”)
- Leading Branch in Middlesex County – 2nd Largest Deposit Base out of 44 Total Bank Branches
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
4,266 SF
Building Class
C
Year Built
1950
Tenancy
Single
Building Height
2 Stories
Building FAR
0.18
Lot Size
0.53 AC
Zoning
B-1 - Central Business
Parking
26 Spaces (6.09 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Banking
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Security System
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | OSAY-000037-000018 | Improvements Assessment | $801,400 |
| Land Assessment | $181,900 | Total Assessment | $983,300 |
PROPERTY TAXES
Parcel Number
OSAY-000037-000018
Land Assessment
$181,900
Improvements Assessment
$801,400
Total Assessment
$983,300
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