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Bank

326 Highland Avenue

326 Highland Ave, Waterbury, CT 06708

Listing Price: $1,562,000

Cap Rate
6.00%
Tenant Name
Wheeler Clinic
Years Remaining On Lease
4.7
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$312.40
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.75

Investment Overview

Marcus & Millichap is pleased to offer 326 Highland Avenue located in Waterbury (New Haven County), Connecticut. The subject property is a 6,750 square foot freestanding building on a .53 acre lot and is currently on a NNN lease with Webster Bank. Webster Bank closed this location in XX/2021 when is consolidated two locations into its nearby home office. The site sits on the signalized corner of Highland Avenue and Chase Parkway and contains three points of ingress and two points of egress. This Webster Bank branch had over $43 million in deposits as of June 30, 2017. Webster Bank is the second largest bank in Connecticut and 65th largest in the nation. Webster operates over 160 locations throughout Connecticut, Massachusetts, Rhode Island, and Westchester County, NY. The subject property is conveniently located in a residential neighborhood, making it a staple for those living in the immediate area. The property is just 1.2 miles East of Naugatuck Valley Community College and is less than 2 miles from downtown Waterbury - home to Webster's corporate headquarters, the UCONN downtown campus, and the historic Palace Theater. Waterbury is strategically located at the junction of Interstate 84 and Route 8. The town is just two hours from Boston, 90 minutes from New York City, and a 30-minute commute to Hartford, Bridgeport, New Haven, and Danbury.

Investment Highlights

  • Single Tenant NNN Lease with Webster Bank
  • Subleased to Wheeler Clinic
  • Conveniently Located in a Residential Neighborhood with Close Proximity to Naugatuck Valley Community College
  • Less than 2 Miles from Downtown Waterbury | Home to the Town's Central Business District and Webster's Corporate Headquarters

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, CT: REB.0239741, NJ: 9210310

    Westchester

  • Kodi Traver

    Licensed Real Estate Salesperson

    (914) 220-9758

    Email Kodi

    License(s): NY: 10401335618

    Westchester

Financing By

Bank

326 Highland Avenue

Listing Price: $1,562,000

Cap Rate
6.00%
Tenant Name
Wheeler Clinic
Years Remaining On Lease
4.7
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$312.40
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.75

Investment Highlights

  • Single Tenant NNN Lease with Webster Bank
  • Subleased to Wheeler Clinic
  • Conveniently Located in a Residential Neighborhood with Close Proximity to Naugatuck Valley Community College
  • Less than 2 Miles from Downtown Waterbury | Home to the Town's Central Business District and Webster's Corporate Headquarters

Investment Overview

Marcus & Millichap is pleased to offer 326 Highland Avenue located in Waterbury (New Haven County), Connecticut. The subject property is a 6,750 square foot freestanding building on a .53 acre lot and is currently on a NNN lease with Webster Bank. Webster Bank closed this location in XX/2021 when is consolidated two locations into its nearby home office. The site sits on the signalized corner of Highland Avenue and Chase Parkway and contains three points of ingress and two points of egress. This Webster Bank branch had over $43 million in deposits as of June 30, 2017. Webster Bank is the second largest bank in Connecticut and 65th largest in the nation. Webster operates over 160 locations throughout Connecticut, Massachusetts, Rhode Island, and Westchester County, NY. The subject property is conveniently located in a residential neighborhood, making it a staple for those living in the immediate area. The property is just 1.2 miles East of Naugatuck Valley Community College and is less than 2 miles from downtown Waterbury - home to Webster's corporate headquarters, the UCONN downtown campus, and the historic Palace Theater. Waterbury is strategically located at the junction of Interstate 84 and Route 8. The town is just two hours from Boston, 90 minutes from New York City, and a 30-minute commute to Hartford, Bridgeport, New Haven, and Danbury.

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, CT: REB.0239741, NJ: 9210310

    Westchester

  • Kodi Traver

    Licensed Real Estate Salesperson

    (914) 220-9758

    Email Kodi

    License(s): NY: 10401335618

    Westchester

Financing By

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