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Trader Joe's 775 Bridgeport ave 13,931 SF Retail Building Shelton, CT 06484 $8,211,958 ($589.47/SF) 4.75% Cap Rate

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Investment Highlights

New Construction
Minimal Landlord 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 Trader Joe’s located at 775 Bridgeport Avenue in Shelton, Connecticut (the “Property”). Trader Joe’s 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 The Goddard School, 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. Trader Joe’s 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.