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303 Tunxis Hill Rd
Fairfield, CT 06825
T.J. Maxx · Retail Property For Sale


Executive Summary
Located in Tunxis Hill Fairfield CT, this prime retail investment offers a rare covered land play in Connecticut’s premiere market. The property features a 29,400 sqft TJ Maxx building and a 3,200 sqft LC Chen's restaurant on a 3.37-acre lot. TJ Maxx boasts strong sales, with a lease renewal option approaching, while LC Chen's has over 3 years left on their lease. The lot also presents potential for redevelopment. With minimal landlord responsibilities, 100% occupancy, and a high-traffic location in one of Fairfield's most desirable retail areas, this property is an attractive investment. Situated in a dense residential neighborhood with high-income demographics, the site benefits from excellent visibility and strong traffic flow. Don't miss this chance to own a piece of the thriving retail market at 425 & 303 Tunxis Hill Cutoff Road in Fairfield, CT. Offered at $8,000,000, this property presents a lucrative opportunity for investors seeking a covered land play in a flourishing retail market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
32,600 SF
Building Class
C
Year Built/Renovated
1963/2016
Price
$8,000,000
Price Per SF
$245.40
Cap Rate
6.77%
NOI
$541,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
3.37 AC
Zoning
DCD
Property Taxes
| Parcel Number | FAIR-000077-000000-000199 | Improvements Assessment | $2,483,460 |
| Land Assessment | $2,140,110 | Total Assessment | $4,623,570 |
Property Taxes
Parcel Number
FAIR-000077-000000-000199
Land Assessment
$2,140,110
Improvements Assessment
$2,483,460
Total Assessment
$4,623,570
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