784 Farmington Ave | Farmington, CT 06032
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784 Farmington Ave
Farmington, CT 06032
Chase Bank: Farmington, CT · Retail Property For Sale
Investment Highlights
- Currently under construction, Chase Bank’s NNN ground lease is expected to commence in December 2021 and will feature 20 years of primary term.
- The average branch deposits in the immediate zip code are in excess of $131.9M.
- The lease also boasts 9.6% rent increases every 5 years throughout the initial term as well as 12% increases in the first two 5-year renewal options.
- Located 8 miles southwest of downtown Hartford, Chase Bank is positioned with excellent access and visibility along Farmington Avenue (29,000 VPD).
Property Facts
Property Type
Retail
Property Subtype
Bank
Building Size
3,707 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.34 AC
Zoning
B2
Frontage
71’ on Farmington Ave
Property Taxes
| Parcel Number | FARM M:0091 B:25A L:A-2 | Improvements Assessment | $97,860 |
| Land Assessment | $48,160 | Total Assessment | $146,020 |
Property Taxes
Parcel Number
FARM M:0091 B:25A L:A-2
Land Assessment
$48,160
Improvements Assessment
$97,860
Total Assessment
$146,020
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