586 Connecticut Ave | Norwalk, CT 06854
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
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
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
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
