586 Connecticut Ave | Norwalk, CT 06854
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- LoopNet Team
586 Connecticut Ave
Norwalk, CT 06854
Citibank | Corporate Lease | $218M Deposits · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Investment Grade Tenant (S&P A+ Rating), 3rd Largest Bank in the US
- Corporate Lease with Over 5 Years Remaining with 2% Annual Bumps and Two 5-Year Options
- Exceptional Demographics with a Population and AHHI of 169,000 and $180,871
- Absolute NNN with No Landlord Responsibilities
- Substantial Branch Deposits of $218 Million
- Surrounding Tenants Include The Home Depot, Walmart, HomeGoods, Costco and Many More
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bank
Building Size
7,794 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.15 AC
Zoning
B2; Norwalk
Parking
22 Spaces (3.25 Spaces per 1,000 SF Leased)
Frontage
237’ on Connecticut Ave
AMENITIES
- Banking
- Signage
PROPERTY TAXES
| Parcel Number | NORW-000005-000067-000012 | Improvements Assessment | $594,040 |
| Land Assessment | $2,019,280 | Total Assessment | $2,613,320 |
PROPERTY TAXES
Parcel Number
NORW-000005-000067-000012
Land Assessment
$2,019,280
Improvements Assessment
$594,040
Total Assessment
$2,613,320
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