NAPA Auto Parts & Webster Bank | Monroe, CT
Sands Investment Group is Pleased to Exclusively Offer For Sale the 10,560 SF NAPA Auto Parts & Webster Bank NNN Located at 495 Monroe Turnpike in Monroe, CT. Property Operates Under a Triple Net (NNN) Lease, With Minimal Landlord Responsibilities That Results in Reducing Landlord Management Involvement and Costs, Providing For a Secured Investment.
- Established Tenants With Strong Corporate Backing: NAPA Auto Parts (Genuine Parts Company): The Largest Global Auto Parts Network; Webster Bank: A Well-Established American Commercial Bank With Over 196 Locations and $76 Billion in Assets; Webster Bank Has Been at this Location Since 2003
- Attractive Rent Escalations: NAPA Auto Parts Lease: 2% Annual Rent Increases, Providing Built-in Growth and Hedging Against Inflation; Webster Bank Lease: A 10% Rent Increase in January 2026, Offering Significant Future Rent Growth
- Desirable Location in Monroe, CT: The Property is Located in Monroe, CT, a Highly Sought-After Community With an Average Household Income Exceeding $160,000, Ensuring Strong Local Economic Support and High Demand For Both Banking and Auto Parts Services
- Minimal Landlord Responsibilities With Triple Net (NNN) Lease: the Property Operates Under a Triple Net (NNN) Lease, Meaning Tenants (NAPA Auto Parts and Webster Bank) Are Responsible For All Property Taxes, Insurance, Utilities, and Daily Maintenance, Including Snow Plowing and Trash Removal, Reducing Landlord Management Involvement and Costs
BoR: Andrew Ackerman – Lic. CT #REB.0792529
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