725 Wolcott St Waterbury, CT 06705

Listing agency Marcus & Millichap - Westchester k***@marcusmillichap.com Show Phone

Listed by Joseph French Jr. · License #NY 10301207036

Source Crexi

Added: Apr 11 Updated: Jul 23 at 12:02AM Checked: Jul 23 at 12:02AM

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Investment Insights

Based on property information with market context.

This freestanding bank branch is offered as part of a two-unit Webster Bank portfolio on an absolute triple-net (NNN) lease. The property is a freestanding building on a 0.46-acre lot and is currently leased to Webster Bank. The site is configured for convenience with three points of ingress and egress.

The branch sits on the signalized corner of Wolcott Street and Wesco Road in a strong retail corridor. Wolcott Street provides exposure to over 24,000 vehicles daily, and the area includes shopping centers anchored by national retailers to the north and other anchored centers immediately to the south. The property is approximately 2 miles from downtown Waterbury.

For investors, the offering is presented as an absolute NNN portfolio investment, with the subject location described as 3,500 square feet within the overall portfolio.

Key Highlights

• 3,500 SF freestanding Webster Bank branch on a 0.46‑acre lot
• NNN lease with Webster Bank; listed as part of a two‑unit Webster Bank portfolio
• Portfolio annual rent: $180,545; total portfolio size: 8,500 SF; price: $3,072,000

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FAQs

What type of property is this?

Bank - Freestanding Webster Bank branch on a signalized corner with three ingress/egress points on an NNN lease.

Where is this bank located?

The property is located at 725 Wolcott St Waterbury, CT.

What are key features of this property?

This property features: 3,500 SF freestanding Webster Bank branch on a 0.46‑acre lot; NNN lease with Webster Bank; listed as part of a two‑unit Webster Bank portfolio; Portfolio annual rent: $180,545; total portfolio size: 8,500 SF; price: $3,072,000