2100 Poquonock Ave Windsor, CT 06095-1238
- Showrooms
- 2,388 SF
- 4.85 lot acres
Current Use by Public Records
- Webster Bank / Bank / Atm
Property Details for 2100 Poquonock Ave
- Year built
- 1980
- Construction
- FRAME
- Lot size
- 4.85 lot acres
- Property size
- 2,388 SF
- Property type
- Showrooms
- APN
- WSOR M:00025 B:00414 L:000042
- APU
- WSORM00025B00414L000042
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $265,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $292,000
- AI Estimate
- $257,000
Market price range: $109k - $293kMarket price range: $71.4k - $258k
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Location Insight
- Map
- Local Demand
- City
- Windsor
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.6734
- Latitude
- 41.9139
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA