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    333 Church St Naugatuck, CT 06770

    Sponsored
    For Sale
    $1,333,000

    6,000 SF NNN Lease, 6.75% Cap Rate

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 6,000-square-foot retail condominium currently occupied by Liberty Bank, one of the oldest mutual savings banks in the U.S. Located at 333 Church St, Naugatuck, CT 06770, this property boasts a strong 15-year net lease (NNN) with a corporate guarantee, commencing May 30, 2019, and expiring May 29, 2034. The lease includes two five-year renewal options, ensuring long-term stability. The property features four drive-up teller stations and a walk-up ATM, reflecting its established presence within the community. Built in 1974 and significantly expanded in 1998, the building sits on a 2.34-acre lot with ample parking (80 spaces). The ground floor condo is part of a larger 23,000-square-foot office building, situated in a densely developed area near the town center. The surrounding neighborhood is a mix of commercial and residential properties, including prominent local businesses and institutions. The property's B-1 zoning designation further enhances its investment potential. The asking price is $1,333,000, representing a compelling 6.75% cap rate. Liberty Bank maintains over $100 million in deposits at this location, demonstrating a significant and stable financial commitment. This location has operated as a bank for over 40 years. The property is approximately 15 miles northwest of New Haven.

    Property Features for 333 Church St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,000 SF

    Building Details

    Year Built
    1974

    HighLights

    • Liberty Bank corporate lease, oldest mutual savings bank in the U.S.
    • Tenant occupied since 1998.
    • New 15‑year lease extension.
    • Significant deposits exceeding $102 million.
    • Located 15 miles northwest of New Haven.
    • 40+ years of banking history at this location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drew International, LLC Corporate Office Wellmore Behavioral Health ... Mental Health Service Liberty Bank Bank

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Naugatuck
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.054164882791
    Latitude
    41.494644258882

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    FAQs

    What type of property is this?
    Lifestyle center - 6,000 SF NNN Lease, 6.75% Cap Rate
    Where is this lifestyle center located?
    The property is located at 333 Church St Naugatuck, CT.
    What is the asking price?
    The asking price for this property is $1,333,000.
    What are key features of this property?
    This property features: Liberty Bank corporate lease, oldest mutual savings bank in the U.S.; Tenant occupied since 1998.; New 15-year lease extension.
    Request Owner's contact information
    333 Church St Naugatuck, CT 06770
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    333 Church St Naugatuck, CT 06770
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