For Sale
$1,043,478

2100 Poquonock Ave Windsor, CT 06095

2,388 SF Webster Bank, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a fee-simple ownership of a 2,388 square foot Webster Bank branch located at 2100 Poquonock Avenue in Windsor, Connecticut. The property boasts a highly desirable absolute NNN lease with Webster Bank, a leading commercial bank (NYSE: WBS), with a remaining lease term of 10 years and two 5-year renewal options. The lease commenced October 1, 1976, and expires October 31, 2034, featuring attractive annual rent increases. The asking price is $1,043,478, representing a 5.75% cap rate and a current NOI of $60,000. The bank occupies a 0.5-acre lot and enjoys exceptional visibility and frontage along Poquonock Avenue (CT Route 75), situated at a signalized intersection with the on/off ramp of CT Route 20 (Bradley International Airport Connector). This prime location is only 1.5 miles from Bradley International Airport, the second largest airport in New England, and benefits from the significant traffic generated by the airport and its surrounding hotels, businesses, and national tenants. The area demonstrates strong demographics, with approximately 21,700 people within a 3-mile radius and an average household income exceeding $131,184. Daily traffic counts on Poquonock Avenue exceed 15,300 vehicles, further enhanced by the over 55,700 vehicles daily on CT Route 20. This property offers a passive investment opportunity with zero management responsibilities, given the absolute NNN lease structure, and provides a hedge against inflation through the built-in annual rent increases. The strong tenant, favorable lease terms, and strategic location make this a compelling investment prospect.

Highlights

  • Absolute NNN lease with Webster Bank (NYSE: WBS) for 10 years, plus two 5-year options.
  • 2% annual rent increases built into the lease, providing inflation hedge.
  • $1,043,478 asking price, representing a 5.75% cap rate and $60,000 current NOI.
  • Zero management responsibilities due to the absolute NNN lease structure.
  • High-visibility location at a signalized intersection of CT Route 75 and CT Route 20 (Bradley International Airport Connector), 1.5 miles from Bradley International Airport.
  • Strong demographics: 21,700 people within a 3-mile radius, average household income exceeding $131,184. High daily traffic counts exceeding 15,300 vehicles on CT Route 75 and over 55,700 on CT Route 20.

Property Details for 2100 Poquonock Ave

Property type
Retail properties, Banks
Square Feet
2,388 SF
Buildings
1
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Windsor
County
Hartford
State
Connecticut
Latitude
41.914122
Longitude
-72.6751383

FAQs

What type of property is this?
Retail property - 2,388 SF Webster Bank, strong ROI.
Where is the retail property located?
The property is located at 2100 Poquonock Ave Windsor, CT.
What is the asking price?
The asking price for this property is $1,043,478.
What are key features of this property?
This property features: Absolute NNN lease with Webster Bank (NYSE: WBS) for 10 years, plus two 5-year options.; 2% annual rent increases built into the lease, providing inflation hedge.; $1,043,478 asking price, representing a 5.75% cap rate and $60,000 current NOI.
How can I contact the broker?
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2100 Poquonock Ave
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