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NAPA Auto Parts & Webster Bank - Monroe, CT 495 Monroe Tpke

10,560 SF 100% Leased Retail Building Monroe, CT 06468 $2,366,000 ($224/SF) 7.06% Cap Rate

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Investment Highlights

The Largest Global Auto Parts Network; Webster Bank: A Well-Established American Commercial Bank With Over 196 Locations and $76 Billion in Assets
The Property is Located in Monroe, CT, a Highly Sought-After Community With an Average Household Income Exceeding $160,000

2% Annual Rent Increases, Providing Built-in Growth and Hedging Against Inflation
The Property Operates Under a Triple Net (NNN) Lease, Meaning Tenants (NAPA Auto Parts and Webster Bank) Are Responsible For All Property Taxes Etc.

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 10,560 SF NAPA Auto Parts Located at 495 Monroe Turnpike in Monroe, CT. Property Operates Under a Triple Net (NNN) Lease, With Minimal Landlord Responsibilities That Results in Reducing Landlord Management Involvement and Costs, Providing For a Secured Investment.

BoR: Andrew Ackerman - Lic. CT #REB.0792529

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Storefront

Building Size

10,560 SF

Building Class

Year Built/Renovated

1973/2020

Price

$2,366,000

Price Per SF

$224

Cap Rate

7.06%

NOI

$167,028

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.24

Lot Size

1.00 AC

Zoning

DB1

MAJOR TENANTS

NAPA (Genuine Auto Parts)
Retailer
7,260 SF
$9.81
Triple Net
Jan 2032

Webster Bank
Administrative and Support Services
3,300 SF
$29.04
Triple Net
Nov 2028

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type	Lease End
NAPA (Genuine Auto Parts)	Retailer	7,260 SF	$9.81	Triple Net	Jan 2032
Webster Bank	Administrative and Support Services	3,300 SF	$29.04	Triple Net	Nov 2028