Single-Tenant Bank
For Sale
Contact for pricing
Pending
107 Main St, Old Saybrook, CT 06475
NNN-leased branch with a two-lane drive-thru, financial advisor office, and on-site parking.
Property SizeContact for details
Days on Market143
Property Features for 107 Main St
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
100%
Additional Details
Drive-Thru
Yes
Amenities
Merrill Financial Advisor Office
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(310) 969-1135
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Apr 13 at 7:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This single-tenant Bank of America branch operates under a triple-net lease scheduled through 2027, with two additional 5-year options and 15% rent increases every 5 years. The property has served as a bank branch since its conversion in 1977 and includes a two-lane drive-thru, an on-site Merrill Financial Advisor Office, and ample parking. Bank of America’s lease obligations are supported by an S&P A+ credit rating.
The property occupies a walkable position on historic Main Street in Old Saybrook, Connecticut, within a coastal community known for dining, boating, tourism, and historic sites. Old Saybrook Shopping Center is a few blocks north and contains 321,000 square feet of retail space anchored by Walmart, Stop & Shop, HomeGoods, and Marshalls. The site is less than 1 hour from Hartford and New Haven and roughly 2 hours from New York City, The Hamptons, and Boston.
The property occupies a walkable position on historic Main Street in Old Saybrook, Connecticut, within a coastal community known for dining, boating, tourism, and historic sites. Old Saybrook Shopping Center is a few blocks north and contains 321,000 square feet of retail space anchored by Walmart, Stop & Shop, HomeGoods, and Marshalls. The site is less than 1 hour from Hartford and New Haven and roughly 2 hours from New York City, The Hamptons, and Boston.
Key Highlights
- Single‑tenant Bank of America branch under a triple‑net lease through 2027
- Two additional 5‑year lease options with 15% rent increases every 5 years
- Two‑lane drive‑thru, on‑site Merrill Financial Advisor Office, and ample parking
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
275k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 28%
Superstores 20%
Apparel 15%
Groceries 13%
Walmart
Superstores
55,238 visits/mo
0.3 miles
Stop & Shop
Groceries
34,405 visits/mo
0.4 miles
Marshalls
Apparel
32,092 visits/mo
0.3 miles
HomeGoods
Home Improvements & Furnishings
23,701 visits/mo
0.3 miles
Five Below
Shops & Services
18,923 visits/mo
0.3 miles
Demographics for 06475, CT
10,481
Population
5,983
Households
1.8
Avg Household Size
55
Median Age
57%
College-Educated
97%
High-School Grad
15.1 sq mi
ZIP Area
694
Density / Sq Mi
$119,500
Median Household Income
$55,081
Median Earnings
$1,823
Median Rent
$479,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Bank - NNN-leased branch with a two-lane drive-thru, financial advisor office, and on-site parking.
Where is this bank located?
The property is located at 107 Main St Old Saybrook, CT.
What are key features of this property?
This property features: Single‑tenant Bank of America branch under a triple‑net lease through 2027; Two additional 5‑year lease options with 15% rent increases every 5 years; Two‑lane drive‑thru, on‑site Merrill Financial Advisor Office, and ample parking
