Bank
Bank of America
1196 E Main St, Torrington, CT 06790
Listing Price: $1,000,000
Investment Overview
Marcus & Millichap is pleased to present the offering memorandum for a Bank of America located at 1196 E Main Street in Torrington, CT. The site consists of roughly 2,203 rentable square feet of building space on estimated 0.53-acre parcel of land. The Bank of America is subject to an original 20-year Double-Net (NN), which commenced January 12th, 1972, and has roughly 6 Years of term remaining. The annual rent is$60,000 and is scheduled to increase by two percent (2.00%) in each option period, for each of the remaining seven (7), five (5)-year renewal options.
Bank of America
Investment Highlights
- Highest Branch Bank Deposit Figures in Zip Code | This Bank of America Branch Location Holds ~$218 Million in Deposits
- Branch Bank Location Since 1972 | Tenant Display of Commitment to Market |Renewal Option Recently Exercised, Extending Lease Term Out to 2027
- Seven (7), Five (5)-Year Tenant Renewal Options Remain, Bringing the Potential Lease Term to 90 Years
Exclusively Listed By
Listing Price: $1,000,000
Investment Highlights
- Highest Branch Bank Deposit Figures in Zip Code | This Bank of America Branch Location Holds ~$218 Million in Deposits
- Branch Bank Location Since 1972 | Tenant Display of Commitment to Market |Renewal Option Recently Exercised, Extending Lease Term Out to 2027
- Seven (7), Five (5)-Year Tenant Renewal Options Remain, Bringing the Potential Lease Term to 90 Years
Investment Overview
Marcus & Millichap is pleased to present the offering memorandum for a Bank of America located at 1196 E Main Street in Torrington, CT. The site consists of roughly 2,203 rentable square feet of building space on estimated 0.53-acre parcel of land. The Bank of America is subject to an original 20-year Double-Net (NN), which commenced January 12th, 1972, and has roughly 6 Years of term remaining. The annual rent is$60,000 and is scheduled to increase by two percent (2.00%) in each option period, for each of the remaining seven (7), five (5)-year renewal options.
Exclusively Listed By
