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586 Connecticut Ave
Norwalk, CT 06854
CitiBank · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Corporate Lease with (4.5+) Years Remaining on Term and having (26+) Years of Operating History
  • Attractive Rental Increases of 2% Annually and in Option Periods
  • Citibank has seen increasing deposits Year over Year (44% Increase to $315M from 2019-2020)
  • Double Net (NN) Lease Structure with Limited Landlord Responsibilities
  • Subject Bank Branch is the Number (1) performing location in the state of CT based on Foot Traffic
  • Excellent Upper-Middle Class Demographics | Located in the heart of Fairfield County with 164.5K Residents within a 5-mile radius

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: 22733705

  • Date on Market: 4/14/2021

  • Last Updated:

  • Address: 586 Connecticut Ave, Norwalk, CT 06854

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