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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
Bank
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
85’ on Main St

AMENITIES

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
OSAY-000037-000018
Land Assessment
$181,900
Improvements Assessment
$801,400
Total Assessment
$983,300
  • Listing ID: 29890453

  • Date on Market: 10/26/2023

  • Last Updated:

  • Address: 107 Main St, Old Saybrook, CT 06475

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