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785 Bridgeport Avenue 801 Bridgeport Ave 34,007 SF 91% Leased Retail Building Shelton, CT 06484 $14,782,840 ($434.70/SF) 6.75% Cap Rate
Investment Highlights
- New Construction
- Minimal Management Responsibilities
- Prime Retail Location
- Long-Term Leases with Increases
- Dynamic Corporate Tenants
- Corporate Office Corridor
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a new construction retail strip center located at 785 Bridgeport Avenue in Shelton, Connecticut (the “Property”). The retail building consists of 34,007 square feet and is 100% leased to fourteen tenants. The building, anchored by Mercatos Wildfire and Fountain Square Wine & Spirits, 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, Chick-fil-A, Goddard School, Panera Bread, Jersey Mike’s, Cava, Tropical Smoothie, Sport Clips, and Crumbl Cookies. 785 Bridgeport Avenue 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
Storefront
Building Size
34,007 SF
Building Class
B
Year Built
2023
Price
$14,782,840
Price Per SF
$434.70
Cap Rate
6.75%
NOI
$997,842
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
3.25 AC
Zoning
IA-2
Frontage
385’ on Bridgeport Avenue
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Club Pilates
- -
- -
- -
- -
- Crumbl Cookies
- -
- -
- -
- -
- European Wax Center
- -
- -
- -
- -
- Sport Clips
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Club Pilates | - | - | - | - | ||
| Crumbl Cookies | - | - | - | - | ||
| European Wax Center | - | - | - | - | ||
| Sport Clips | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- PAD
- 2,663 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| PAD | 2,663 SF | Retail | In-Line | Now |
PAD
| Size |
| 2,663 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Nearby Major Retailers
1 of 7
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785 Bridgeport Avenue | 801 Bridgeport Ave
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