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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

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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 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

Fast Food

Building Size

5,600 SF

Building Class

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

Bus Line

Signage

Drive Thru

Major Tenants

Accommodation and Food Services
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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.