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495 Monroe Tpke
Monroe, CT 06468

$2,366,000 USD

Storefront For Sale  •  10,560 SF

Property Details

• Property Type Storefront
• Total Building Size 10,560 SF
• Lot Size 1 AC
• Building Class C
• Year Built 1973
• Cap Rate 7.06 %
• Tenancy Multiple
• Zoning DB1

0 Transit Score

54 Walk Score

Highlights

The Largest Global Auto Parts Network; Webster Bank: A Well-Established American Commercial Bank With Over 196 Locations and $76 Billion in Assets

2% Annual Rent Increases, Providing Built-in Growth and Hedging Against Inflation

The Property is Located in Monroe, CT, a Highly Sought-After Community With an Average Household Income Exceeding $160,000

The Property Operates Under a Triple Net (NNN) Lease, Meaning Tenants (NAPA Auto Parts and Webster Bank) Are Responsible For All Property Taxes Etc.

Cap Rate:

7.06 %

Major Tenants

Tenant	SF Occupied	Lease End Date
NAPA (Genuine Auto Parts)	7,260 SF	1/31/2032
Webster Bank	3,300 SF	11/30/2028

Public Transportation

Commuter Rail	Drive	Walk	Distance
Derby-Shelton Station (New Haven Line - Metro-North Commuter Railroad Company (Metro-North))	16 min	-	8.3 mi
Ansonia Station (New Haven Line - Metro-North Commuter Railroad Company (Metro-North))	18 min	-	10.0 mi
Airport	Drive	Walk	Distance
Tweed/New Haven	38 min	-	22.5 mi