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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

PROPERTY TAXES

Parcel Number
NORW-000005-000067-000012
Land Assessment
$2,019,280
Improvements Assessment
$594,040
Total Assessment
$2,613,320
  • Listing ID: 19705848

  • Date on Market: 5/28/2020

  • Last Updated:

  • Address: 586 Connecticut Ave, Norwalk, CT 06854

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