525 Connecticut Ave - Freestanding FOR SALE


Norwalk, CT 06854- Brookside
$17,636,571 USD
786-566-1446
525 Connecticut Ave, Norwalk, CT for Sale
$17,636,571 USD
Freestanding - FOR SALE
1/8
null | 5.25% Cap Rate

525 Connecticut Ave
Norwalk, CT 06854
Brookside


HIGHLIGHTS

  • Corporate-guaranteed net lease with 11 years of term remaining under an absolute NNN structure.
  • Prominent frontage along US-1 with direct connectivity to Interstate 95.
  • Situated in Fairfield County’s dominant retail corridor with robust co-tenancy from national brands.
  • High-traffic location with over 25,000 vehicles daily and proximity to heavily traveled highway interchanges.
  • Significant 2025 tenant investment including parking lot replacement and veterinary hospital addition.
  • Surrounded by an affluent consumer demographic ensuring sustained retail demand.

OVERVIEW

This offering presents an exceptional opportunity to acquire a corporate-guaranteed, single-tenant PetSmart property in Norwalk, Connecticut, with 11 years of lease term remaining under a true NNN structure. The asset is priced at $17,636,571 and delivers a stable cash flow supported by an investment-grade tenant with strong operating performance. The property benefits from a long-established presence since 2002 and recent capital investment of $463,000 for tenant improvements and parking enhancements. PetSmart further elevated the location’s revenue base with the addition of a veterinary hospital on-site, adding a complementary high-margin service to its retail offering. Strategically positioned along US-1, the property experiences traffic counts exceeding 25,000 vehicles per day and provides immediate connectivity to I-95, one of the busiest corridors in the region with over 200,000 vehicles per day. This prime location lies within Fairfield County’s primary retail corridor, an affluent area with household incomes surpassing $164,000 and consistent growth dynamics. Co-tenancy in the immediate trade area includes major national anchors such as Costco, Walmart, Target, Home Depot, and Dick’s Sporting Goods, reinforcing strong consumer draw and retail synergy. As the largest specialty pet retailer in North America, PetSmart operates more than 1,650 stores and enjoys robust market positioning. This investment offers durable income, minimal landlord responsibilities under an NNN lease, and long-term upside within a thriving and affluent market.

FOR SALE DETAILS

PRICE

$17,636,571 USD

PRICE/SF

$666 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

B1

APN/PARCEL ID

NORW-000005-000073A-000003

ASK ABOUT THIS PROPERTY

Ronnie IssenbergSurmountMore Info
786-566-1446

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Ronnie IssenbergSurmountMore Info
786-566-1446

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.