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Investment Highlights

  • Great Visibility for Retail Recognition and signage on the building and Monument, in High Traffic corridor in busy Fairfield

Executive Summary

Outstanding Investment opportunity for an investor or business owner. This unique high traffic location is on Busy Black Rock turnpike in one of the best retail corridors in Fairfield and Fairfield County.

Immediate Net Operating Incom (NOI) Growth: 7.15% Pro-Forma Yield.
Prime Value-Add Opportunity: Just one vacancy remains ($32k/yr projected income) to unlock maximum asset value.
Diverse Tenant Base: 7 established tenants across retail and professional services leases extend in 2029.
Low Management Burden: Stabilized operations with professional management and mechanicals already in place.
Strong Fundamentals: Diverse lease expirations and a resilient recession-proof tenant mix.
Strategically located and meticulously maintained, this multi-tenant commercial asset offers the perfect balance of immediate cash flow and significant equity upside. At an asking price of $2,250,000, an investor steps into a stabilized income stream of $121,705 NOI, with the immediate ability to drive that to $160,879 by leasing the remaining vacant suite.
The current financials reflect several non-recurring "one-time" expenses (Tenant-specific TI and vacancy carry costs) that will not burden the new owner, providing a "clean" operational slate from Day 1.
The Numbers:
Price: $2,250,000
Current NOI: $121,705
Pro-Forma NOI: $160,879 (Including $32k vacancy absorption)
Pro-Forma Cap Rate: 7.15%
Occupancy: 90% (Stabilized with 15% upside)
The Opportunity: This is an ideal acquisition for a 1031-exchange buyer or a private investor looking for positive leverage. By capturing the remaining market rent and normalizing the expense ratio, the new owner can achieve a yield significantly above current market averages for this asset class.

Financial Summary (Pro Forma - 2026)

Annual Annual Per SF
Gross Rental Income $235,277 $27.45
Other Income - -
Vacancy Loss - -
Effective Gross Income $235,277 $27.45
Taxes $33,649 $3.93
Operating Expenses $40,749 $4.75
Total Expenses $74,398 $8.68
Net Operating Income $160,879 $18.77

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual $235,277
Annual Per SF $27.45
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $235,277
Annual Per SF $27.45
Taxes
Annual $33,649
Annual Per SF $3.93
Operating Expenses
Annual $40,749
Annual Per SF $4.75
Total Expenses
Annual $74,398
Annual Per SF $8.68
Net Operating Income
Annual $160,879
Annual Per SF $18.77

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,570 SF
Building Class
C
Year Built/Renovated
1980/2020
Price
$2,250,000
Price Per SF
$262.54
Cap Rate
7.15%
NOI
$160,879
Percent Leased
90%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.49
Lot Size
0.40 AC
Zoning
NDD - Neighborhood Designed District
Parking
30 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
83’ on Black Rock Turnpike

Amenities

  • Signage
  • Tenant Controlled HVAC
  • Monument Signage
  • Air Conditioning
  • Smoke Detector

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Affinity CPAS Holdings LLC
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
  • Finance and Insurance
  • -
  • -
  • -
  • -

Allstate began in 1931 as an insurance business launched by Sears, Roebuck and Co., and its early operations relied on mail-order auto coverage. Over time, the company expanded beyond auto insurance into home, renters, condo, motorcycle, boat, RV, life, business, identity protection, phone protection, retirement, and investment planning. Today, Allstate serves customers through digital self-service tools, local agents, and a broad set of protection products for vehicles, homes, families, and small businesses.

  • Arrow Express
  • Transportation and Warehousing
  • -
  • -
  • Plus Utilities
  • Nov 2017
  • Administrative and Support Services
  • -
  • -
  • -
  • -

Express Employment Professionals began in 1983 and later expanded through franchising from Oklahoma City into a staffing and recruiting network. The company provides employment services for job seekers and customized staffing solutions for employers, with work spanning temporary roles, part-time jobs, and full-time placements. Express Employment Professionals also operates through a franchise model and supports a broad mix of workforce needs across its family of brands. Recent company updates describe continued growth in its staffing business and a wide franchise presence across multiple markets.

  • Fresh Green Light
  • Educational Services
  • -
  • -
  • -
  • -
  • Hair Bellagio
  • Services
  • -
  • -
  • -
  • -
  • Hair Bellagio Llc
  • Services
  • -
  • -
  • -
  • -
  • Finance and Insurance
  • -
  • -
  • -
  • -

Ameriprise Financial began in 1894, when John Tappan founded Investors Syndicate, establishing the origin of the business that later became Ameriprise Financial. The company became an independent public company after a spin-off from American Express in 2005, marking a major step in its modern history. Ameriprise Financial offers financial planning, wealth management, asset management, insurance, annuities, and estate planning services, supported by a broad network of financial advisors and global asset management capabilities. The business also operates through brands and platforms tied to advice, brokerage, banking, and investment management, giving Ameriprise Financial a wide presence across individual and institutional financial services.

  • Read Play Love
  • Retailer
  • -
  • -
  • -
  • Jul 2027
  • Seven Stars Homecare
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Affinity CPAS Holdings LLC Professional, Scientific, and Technical Services - - - -
Finance and Insurance - - - -
Arrow Express Transportation and Warehousing - - Plus Utilities Nov 2017
Administrative and Support Services - - - -
Fresh Green Light Educational Services - - - -
Hair Bellagio Services - - - -
Hair Bellagio Llc Services - - - -
Finance and Insurance - - - -
Read Play Love Retailer - - - Jul 2027
Seven Stars Homecare Health Care and Social Assistance - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1 A
  • 820 SF
  • Retail
  • -
  • Now

This is an ideal Retail location for a specialty retailer who is looking for maximum traffic exposure on Black Rock Turnpike. Excellent land lord and abundant parking. Ideally located between I-95 and The Merritt Parkway.

Space Size Space Use Position Available
1 A 820 SF Retail - Now

1 A

Size
820 SF
Space Use
Retail
Position
-
Available
Now

1 A

Size 820 SF
Space Use Retail
Position -
Available Now

This is an ideal Retail location for a specialty retailer who is looking for maximum traffic exposure on Black Rock Turnpike. Excellent land lord and abundant parking. Ideally located between I-95 and The Merritt Parkway.

Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Orangetheory Fitness
Burn Boot Camp
Pure Barre
ShopRite
TD Bank
Patriot National Bancorp Inc
Webster Bank
Boston Market
Fairfield County Bank
Super Stop and Shop

Property Taxes

Property Taxes

Parcel Number
FAIR-000077-000000-000486
Land Assessment
$440,370 (2025)
Improvements Assessment
$698,740 (2025)
Total Assessment
$1,139,110 (2025)
Annual Taxes
$33,649 ($3.93/SF)
Tax Year
2026
  • Listing ID: 39538195

  • Date on Market: 2/22/2026

  • Last Updated:

  • Address: 1495 Black Rock Tpke, Fairfield, CT 06825

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