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Chick-Fil-A 801 Bridgeport Ave 5,600 SF Retail Building Shelton, CT 06484 $4,819,277 ($860.59/SF) 4.15% Cap Rate
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 newer construction Chick-fil-A ground lease located at 801 Bridgeport Avenue in Shelton, Connecticut (the “Property”). Chick-fil-A 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, Goddard School, Yale New Haven Health Urgent Care, My Eye Dr., Cava, Jersey Mike’s, Tropical Smoothie, Consumer Cellular, Sport Clips, and Crumbl Cookies. The Chick-fil-A 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
Property Type
Retail
Property Subtype
Building Size
5,600 SF
Building Class
B
Year Built
2023
Price
$4,819,277
Price Per SF
$860.59
Cap Rate
4.15%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.05 AC
Zoning
IA-2
Frontage
138’ on Bridgeport Ave
Amenities
- Bus Line
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Chick-fil-A began in 1946, when S. Truett Cathy and his brother Ben opened the Dwarf Grill in Georgia, laying the foundation for the company's restaurant business. The first Chick-fil-A restaurant opened in 1967, and the company grew around a menu centered on chicken sandwiches, breakfast items, salads, sides, and beverages. Chick-fil-A operates as a quick-service restaurant brand with a strong catering business and a mix of dine-in, drive-thru, and digital ordering services. The company also supports food quality and sourcing programs while maintaining a wide presence across the United States and select international markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
1 of 6
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