Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in the new construction Shopping Center located at 990 Foxon Road in East Haven, Connecticut (the “Property”). The new construction center will be home to seven national tenants and will contain 10,863 square feet on a 2.08-acre parcel. The shopping center is 100% occupied by a freestanding Chipotle, an inline strip center with Starbucks, Jersey Mike’s, Five Guys and GoHealth Urgent Care, a Bank of America (ATM) and Electric Vehicle (EV) Charging Stations (operated by Fast Charge). All of the tenants will have new 10, 15, or 20-year leases with renewal options and scheduled rent increases in both the primary lease terms and renewal options.
The new construction shopping center is ideally situated along Foxon Road (CT Route 80), the area’s primary commercial and commuter corridor. The Property is positioned at a signalized intersection and enjoys outstanding frontage and visibility and is surrounded by national retailers and restaurants driving traffic to the area, and densely populated residential communities and neighborhoods that provide a built-in customer base. Additionally, the Property enjoys convenient access to Interstates 91 and 95, US Routes 1 and 5, Downtown New Haven, Yale University and manufacturing and industrial clusters around New Haven Harbor and Tweed New Haven Airport.