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| Price $1,150,000 $1,296,586 | Built/Renov 1985 | Tenant Citizens Bank |
| Cap Rate 7.89% 7.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
5,190
| Lease Start
08-01-2006
| #Units
1,223
|
| Price/SF $221.58 $249.82 | Expiration
07-31-2026
| Tenant Type Bank/Financial |
| NOI $90,761 | R. Term 1.2 | Ownership Fee Simple |
| Rent/SF
$17.49
| Increases 10.0%/0/yrs | Pop 5Mi 51,715 |
| Lot/AC 0.56 | Options 2/3yrs/3% | AHHI 5Mi $90,266 |
| | |
The subject property is well-located in downtown Somersworth, with excellent visibility, signage, and multiple points of access. The property includes a dedicated drive-thru lane and a drive-up ATM on a 0.46-acre lot. Citizens Bank is well positioned along Constitutional Way (2,645 VPD) and adjacent to the intersection with High Street (21,000+ VPD). The property is close to the Somersworth...
...Major thoroughfare
Dense retail corridor
Central metro location
Affluent suburb location
Income tax free state
Long operation history
Absolute NNN
Traded and rated company
Corporate Guarantee
Over 1000 units backed
Citizens Bank, a subsidiary of Citizens Financial Group, Inc., is one of the nation’s oldest and largest financial institutions, with $222.3B in assets as of March 2023. Citizens offers a broad...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 7,428 | 21,191 | 52,661 |
| 2023 Total Population : | 7,392 | 20,699 | 51,416 |
| 2023 Employed Civilian Pop : | 3,750 | 10,952 | 27,982 |
| 2023 Total Businesses : | 227 | 899 | 2,308 |
| 2023 Average Household Income : | $ 86,643 | $ 104,133 | $ 107,408 |
| 2023 Total Consumer Spending : | $ 240 M | $ 787 M | $ 2046 M |
| 2023 Median Age : | 38 | 41 | 40 |
| 2023 Total Households : | 3,225 | 8,773 | 22,068 |
| 2023 Pop Age 25+: Bachelor's Degree : | 936 | 3,385 | 10,005 |
| 2023 Average Home Value : | $ 293,616 | $ 334,574 | $ 355,444 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Constitutional Way | High St | 2018 | 2,432 | 0.02 mi |
| Constitutional Way | High St | 2019 | 2,461 | 0.02 mi |
| Constitutional Way | High St | 2021 | 2,624 | 0.02 mi |
| High Street | Grove St | 2019 | 11,880 | 0.05 mi |
| High Street | Grove St | 2018 | 11,172 | 0.05 mi |
| Highland Street | High St | 2019 | 562 | 0.06 mi |
| Parsons Drive | Plaza Ter | 2019 | 562 | 0.06 mi |
| Washington St | Green St | 2021 | 2,165 | 0.07 mi |
| Lords Ct | Highland St | 2020 | 477 | 0.07 mi |
| Washington Street | Elm St | 2018 | 6,049 | 0.08 mi |
Naugatuck, CT
Cap Rate 6.75%
Lease Double NN
R. Term 9.20 yrs
Size/SF 6,000
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
