Bank of America 4 Williams Ave. (RT.1) , Mystic, CT 06355 - LoopNet
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Actual Property
Bank of America
4 Williams Ave. (RT.1) , Mystic, CT 06355
Price: $1,393,260 | NOI: $90,562 | CAP: 6.50%
• Bank of America | S&P: Investment Grade | NYSE: BAC
• Autobank with double drive-thru ATM
Exclusive Offering
• 35+ year operating history as a bank site
• Located less than 1-mile from Mystic Seaport
Phone:212.972.3947 • Average household income within 3-miles: $120,000+
Fax: 646.513.4352
dan@exp1031.com • Williams Ave a.k.a. US Route 1
www.exp1031.com
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Bank of America | Mystic, CT
Investment Overview
PROPERTYOVERVIEW:
EXP Realty Advisors exclusively presents for sale a Bank of America Autobank with a two-lane drive thru INVESTMENT SUMMARY
ATM. This site has had a successful history having been operated by a bank for more than 35 years. The
Autobank concept offers customers convenient 24-hour access to a drive up ATM as well as a financial
center during typical business hours as well as drive up teller services. This absolute triple net lease
Price: $1,393,260
originally started in December of 1982 with a 15 year term and three (5) year renewals. The lease has
been continuously renewed over the years, most recently in 2015, for an additional 5 year term. The NOI: $90,562
property is surrounded by a host of national retailers on Williams ave., a.k.a. RT1 (Boston Post Rd.).
Cap Rate: 6.50%
LOCATIONOVERVIEW:
Mystic is a village and census-designated place in New London County, Connecticut. Mystic has no Lease Type: Absolute NNN
independent government because it is not a municipality in the state of Connecticut; it is located
within the towns of Groton (west of the Mystic River, and also known as West Mystic) Original Lease Start: 1982
and Stonington (east of the Mystic River). Historically, Mystic was a leading seaport of the area, and
the story of Mystic's nautical connection is told at Mystic Seaport, the nation's largest maritime Current Lease Expiration: 12/21/2021
museum which has preserved a number of sailing ships, most notably the whaler Charles W. Morgan.
The village is located on the Mystic River, which flows into Long Island Sound, providing access to the Renewal Options: Three (5) Year with
sea. The Mystic River Bascule Bridge crosses the river in the center of the village. According to the 10% increases per
Mystic River Historical Society, the name "Mystic" is derived from the Pequot term "missi-tuk", option
describing a large river whose waters are driven into waves by tides or wind.
The museum was established in 1929 as the "Marine Historical Association". Its fame came with the
acquisition of the Charles W. Morgan in 1941, the only surviving wooden sailing whaler. The Seaport Land Size: .47 acres
was one of the first living history museums in the United States, with a collection of buildings and
craftsmen to show how people lived; it now receives about 250,000 visitors each year. Building Size: 600 sf
The Seaport supports research via an extensive library and runs the Frank C. Munson Institute of
American Maritime Studies, a summer graduate-level academic program established in 1955 by
maritime historian Professor Robert G. Albion of Harvard University. The museum also hosts Williams–
Mystic in conjunction with Williams College, an undergraduate program in maritime studies. Outreach
includes sailing and history classes for area children. Mystic Seaport is a popular destination for
boaters, who pay to dock overnight just a short walk away from ships such as the Charles W.
Morgan and the fishing schooner L. A. Dunton.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent itsaccuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Bank of America | Mystic, CT
Investment Overview
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent itsaccuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Bank of America | Mystic, CT
Investment Overview
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent itsaccuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Bank of America | Mystic, CT
Investment Overview
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Bank of America | Mystic, CT
Investment Overview
Mystic Aquarium
27
Downtown Mystic
Avery
Mystic Historic Crossing
District
Avery
Crossing
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Bridgestone
Bank of America
Distribution
| Mystic,Center
CT
InvestmentOverview
Investment Overview
TENANT OVERVIEW:
Bank Of America
Bank of America, are guided by a common purpose to help make financial lives better by connecting
clients and communities to the resource they need to be successful. They deliver this through a focus on
responsible growth and environmental, social and governance (ESG) leadership.
They are driving growth – helping to create jobs, develop communities, foster economic mobility and
address society’s biggest challenges – while managing risk and providing a return to their clients and
their shareholders. Because they recognize that they can only be successful when the individuals,
companies, communities and employees they serve are able to reach their vision of success.
Through their eight lines of businesses, they focus on helping individuals navigate every stage of their
financial lives, working with companies—large and small—to drive the economy forward, and providing
insights, ideas and award-winning research for institutional investors.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent itsaccuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.BankBusiness
I-55 of America | Mystic,
Center CT
– Jackson, MS
Location Map
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.Bank of America | Mystic, CT
Demographics
2017 Summary 1 Mile 3 Miles 5 Miles Contact US
Population 3,398 15,522 30,393
EXP Realty Advisors
Households 1,666 6,818 13,438 52 Vanderbilt Ave
Suite 2014
Families 858 4,230 7,995 New York, NY 10017
www.exp1031.com
Average Household Size 1.96 2.23 2.22
Owner Occupied Housing Units 979 4,949 8,887 Our Team
Renter Occupied Housing Units 687 1,869 4,551
Daniel de Sa’
Median Age 53.8 51.9 49.4 Director of Sales
Median Household Income $80,989 $86,758 $78,435 Phone: (212) 972-3947
E-mail: dan@exp1031.com
Average Household Income $122,326 $123,147 $110,176
2022 Summary 1 Mile 3 Miles 5 Miles
Population 3,389 15,621 30,617 Robert James
President
Households 1,660 6,848 13,512 CT RE License
REB.0791518
Families 851 4,233 8,007
Average Household Size 1.96 2.23 2.23
Owner Occupied Housing Units 970 4,946 8,909
Renter Occupied Housing Units 690 1,902 4,603
Median Age 56.4 53.7 50.9
Median Household Income $90,105 $97,368 $86,967
Average Household Income $138,995 $139,167 $124,953
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent itsaccuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.You can also read
