Log In/Sign Up
Your email has been sent.
1196 E Main St
Torrington, CT 06790
Bank of America · Retail Property For Sale
Investment Highlights
- High-Volume of Bank Deposits
- Strong Income Demographics
- Corporate Guarantee
- Dense Retail Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for a Bank of America located at 1196 East Main Street, Torrington, CT 06790. The site consists of roughly 2,203 rentable square feet of building space on an estimated 0.52-acre parcel of land. Bank of America is subject to a long-term Double Net (NN) lease, which commenced 2/23/1972. The current annual rent is $60,000, and will increase to $61,200 on 2/1/2027. Bank of America recently exercised a Tenant Renewal Option at this location.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
2,203 SF
Building Class
B
Year Built
1970
Price
$1,064,348
Price Per SF
$483.14
Cap Rate
5.75%
NOI
$61,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.52 AC
Zoning
LB
Frontage
Amenities
- Bus Line
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | TORR-000137-000009-000005 | Improvements Assessment | $483,140 |
| Land Assessment | $101,920 | Total Assessment | $585,060 |
Property Taxes
Parcel Number
TORR-000137-000009-000005
Land Assessment
$101,920
Improvements Assessment
$483,140
Total Assessment
$585,060
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
