801 Bridgeport Ave - Freestanding FOR SALE


$8,214,095 USD
781-776-4003
801 Bridgeport Ave, Shelton, CT for Sale
$8,214,095 USD
Freestanding - FOR SALE
1/5
null | 6.5% Cap Rate


HIGHLIGHTS

  • New Construction
  • Long-Term Leases with Increases
  • Minimal Management Responsibilities
  • Dynamic Corporate Tenants
  • Prime Retail Location
  • Corporate Office Corridor

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a new construction retail strip center located at 795 Bridgeport Avenue in Shelton, Connecticut (the “Property”). The retail building consists of 14,193 square feet and is 100% leased to seven tenants. The building, anchored by Yale New Haven Health Urgent Care and Consumer Cellular, 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. 795 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.

FOR SALE DETAILS

PRICE

$8,214,095 USD

PRICE/SF

$510 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

795 Bridgeport Ave

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

IA-2

APN/PARCEL ID

SHEL-000028-000000-000018

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

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