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Get In TouchNAPA Auto Parts & Webster Bank | Monroe, CT
NAPA (Genuine Auto Parts), Webster Bank
495 Monroe Turnpike, Monroe, CT, 06468, USA
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
NAPA (Genuine Auto Parts), Webster Bank
495 Monroe Turnpike, Monroe, CT, 06468, USA
NAPA AUTO PARTS
The National Automotive Parts Association (NAPA), also known as NAPA Auto Parts, founded in 1925, is an American retailers’ cooperative distributing automotive replacement parts, accessories and service items in North America. Today, NAPA-branded stores and AutoCare Centers continue to serve auto service professionals, do-ityourselfers and everyday drivers with quality parts and supplies to keep cars, trucks, and equipment performing safely and efficiently. The NAPA distribution system has more than 500,000 part numbers which are distributed across 57 distribution centers, 6,000 NAPA Auto Parts stores, and more than 16,000 NAPA AutoCare and AutoCare Collision Centers throughout the United States. Over the years, Genuine Parts began to acquire the other NAPA member companies, and in 2012 became the last remaining member of NAPA, a brand with a reputation for quality parts, rapid availability, and knowledgeable people.
WEBSTER BANK
Webster Bank is a regional bank headquartered in Waterbury, Connecticut, providing a wide range of financial services to individuals, businesses, and institutions. Established in 1935, the bank offers personal banking products such as savings and checking accounts, mortgages, loans, and credit cards, as well as commercial banking services like business loans, treasury management, and commercial real estate financing. Webster is known for its commitment to building long-lasting relationships with customers, offering both digital banking solutions and personalized services through its network of branches. With a strong focus on community involvement, Webster Bank supports various philanthropic initiatives aimed at enhancing education, financial literacy, and local economic growth. The bank also emphasizes sustainability and corporate social responsibility in its operations.
Similar Listings
Price
$2,366,000
Cap Rate
7.06%
PREMISES
10,560 SF
RENEWAL OPTIONS
Varies
Lease Expiration
Varies
Lease Type
NNN
RENTAL INCREASES
Varies
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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