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The Goddard School 749 Bridgeport Ave 10,413 SF Retail Building Shelton, CT 06484 $4,486,778 ($430.88/SF) 6.75% Cap Rate

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Investment Highlights

New Construction
Minimal Management Responsibilities
Prime Retail Location

Long-Term Lease with Increases
Dynamic Corporate Tenant
Corporate Office Corridor

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a new construction Goddard School located at 749 Bridgeport Avenue in Shelton, Connecticut (the “Property”). The Goddard School is a pad site within Fountain Square, a new construction shopping center that consists of a 91,288 square foot shopping center positioned on 15.85-acres of land. Other notable tenants within Fountain Square include Trader Joe’s, Panera Bread, Yale New Haven Health Urgent Care, My Eye Dr., Chick-fil-A, Cava, Jersey Mike’s, Tropical Smoothie, Consumer Cellular, Sport Clips, and Crumbl Cookies. The Goddard School is extremely well located at the center of a busy retail, medical and corporate office corridor along Bridgeport Avenue between Route 8 and the Trapp Falls Reservoir in Fairfield County. The destination trade area serves the surrounding towns of Seymour, Ansonia, Derby, Monroe, and Trumbull, as well as travelers on CT Route 8, a primary commuter highway serving over 66,000 vehicles per day. Fountain Square is surrounded by high-end office buildings with a captive employment base, national retailers and restaurants, and luxury apartment communities that drive traffic to the immediate area.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Day Care Center

Building Size

10,413 SF

Building Class

Year Built

2024

Price

$4,486,778

Price Per SF

$430.88

Cap Rate

6.75%

NOI

$302,857

Tenancy

Single

Building Height

1 Story

Building FAR

0.24

Lot Size

1.01 AC

Zoning

IA-2

Major Tenants

Health Care and Social Assistance
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Goddard Systems was founded in 1988 and grew from an early childhood education concept into the organization behind The Goddard School franchise system. The company focuses on early childhood education for infants through kindergarten and uses an independently owned and operated school model supported by proprietary educational programming and franchise guidance. The company's business spans preschool and daycare services, teacher support, and school development for franchise owners. The school network has continued to expand with ongoing growth in franchise licensing across the United States.