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Chick-fil-A - Bristol, CT 1249 Farmington Ave 5,185 SF Retail Building Bristol, CT 06010 $5,060,000 ($975.89/SF) 4.15% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15-Year Lease | Scheduled 10% Rent Increases
- Strong National Brand
- Dense Residential Base | Affluent Demographics
- 2025 Construction | Absolute NNN Ground Lease
- Situated In A Brand-New Shopping Center | Prime Retail Corridor
- Excellent Frontage, Visibility & Access | Proximity To Community Anchors
EXECUTIVE SUMMARY
SRS Real Estate Partners is pleased to present the opportunity to acquire the leased fee interest in a newly constructed Chick-Fil-A located in Bristol, Connecticut. This asset is corporately backed by a brand-new 15-year absolute NNN ground lease, with eight (8) additional 5-year renewal options, offering long-term income security and zero landlord responsibilities. The lease features scheduled 10% rent increases, providing investors with reliable rent growth and a built-in hedge against inflation. Constructed in 2025 with modern design, materials, and systems, the property offers contemporary aesthetics, energy efficiency, water recycling and no Landlord maintenance, repair or capital obligations. This Chick-Fil-A location fills a void in the market with their next closest location being over 5-miles away from here. This unit is scheduled to open for business in January 2026.
The property is situated in one of Bristol’s most heavily trafficked retail corridors at a hard corner, full movement signalized intersection with over 27,000 vehicle per day on Farmington Avenue and is strategically located within a brand-new center alongside Platinum Express Car Wash and ProHealth Medical, a 26,000 SF facility with 45 advanced exam rooms. It is surrounded by major retailers including Walmart, Home Depot, Hobby Lobby, and ShopRite, all of which drive sustained consumer activity and limited competition. The trade area is populated with over 110,500 residents within a 5-mile radius, with an average household income projected to grow from $118,500 in 2024 to $135,800 by 2029. Multifamily communities such as New Cambridge Apartments (208 units), Meridian Tower (173 units), The Gables and Stafford West Condominiums are indicative of the growth and source of consistent daily demand in the area. Located less than 1.5 miles from St. Paul Catholic High School (~420 students) and Bristol Eastern High School (~1,100 students), the property also benefits from proximity to key community institutions.
The property is situated in one of Bristol’s most heavily trafficked retail corridors at a hard corner, full movement signalized intersection with over 27,000 vehicle per day on Farmington Avenue and is strategically located within a brand-new center alongside Platinum Express Car Wash and ProHealth Medical, a 26,000 SF facility with 45 advanced exam rooms. It is surrounded by major retailers including Walmart, Home Depot, Hobby Lobby, and ShopRite, all of which drive sustained consumer activity and limited competition. The trade area is populated with over 110,500 residents within a 5-mile radius, with an average household income projected to grow from $118,500 in 2024 to $135,800 by 2029. Multifamily communities such as New Cambridge Apartments (208 units), Meridian Tower (173 units), The Gables and Stafford West Condominiums are indicative of the growth and source of consistent daily demand in the area. Located less than 1.5 miles from St. Paul Catholic High School (~420 students) and Bristol Eastern High School (~1,100 students), the property also benefits from proximity to key community institutions.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,185 SF
Building Class
B
Year Built
2025
Price
$5,060,000
Price Per SF
$975.89
Cap Rate
4.15%
NOI
$209,990
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.50 AC
Frontage
245’ on Farmington Avenue
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
CONTACTS
-
Greg Labarre -
Chuck Klein -
Britt Raymond -
Kyle Fant -
Cory Withers -
SRS Real Estate Partners
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Chick-fil-A - Bristol, CT | 1249 Farmington Ave
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