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Chick-fil-A (GL)
801 Bridgeport Avenue, Shelton, CT 06484
$4,705,882
Cap Rate 4.25%
Summary
| Price $4,705,882 | Built/Renov 2023 | Tenant Chick-fil-A (GL) |
| Cap Rate 4.25% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
5,600
| Lease Start
11-01-2023
| #Units
2,806
|
| Price/SF $840.34 | Expiration
10-31-2043
| Tenant Type Fast Casual/Rest. |
| NOI $200,000 | R. Term 19.10 | Ownership Ground Lease |
| Rent/SF
$35.71
| Increases 10.0%/5/yrs | Pop 5Mi 128,885 |
| Lot/AC 1.05 | Options 8/5yrs/10% | AHHI 5Mi $142,904 |
| | |
Lease Highlights
- Brand-new 2023 construction
- Chick-fil-A recently singed a brand-new 20-year ground lease with 8 %-year) options to extend
- Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
Chick-fil-A is strategically located on Bridgeport Avenue, with access to 16,200 vehicles passing by daily. The property is exceptionally well-positioned at the heart of a busy retail, medical, and corporate office corridor along Bridgeport Avenue. Notable corporate tenants in the vicinity include Prudential Financial, CDW, United Healthcare, Robert Half, Barnum Financial Group, among others....
...Features
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New construction
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Dense retail corridor
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Near major nationals
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Strategically located
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Top 100 MSA
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Strong demographics
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Brand new lease
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Long 20+ yr lease
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Absolute NNN
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Corporate Guarantee
...
Maps
Tenant
- Tenant: Chick-fil-A
- Guarantor:Corporate
- Company:Chick-fil-A Inc.
- # Units:2,806
- Stock:Private
About Tenant
Chick-fil-A is one of the largest American fast food restaurant chains, and the largest specializing in chicken sandwiches. Chick-fil-A was first opened in 1946 in Atlanta, Georgia, under the name...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 2,985 | 34,333 | 128,390 |
| 2023 Total Population : | 2,995 | 34,801 | 129,373 |
| 2023 Employed Civilian Pop : | 1,515 | 17,944 | 67,753 |
| 2023 Total Businesses : | 636 | 1,919 | 5,324 |
| 2023 Average Household Income : | $ 134,553 | $ 152,718 | $ 137,911 |
| 2023 Total Consumer Spending : | $ 154 M | $ 1775 M | $ 5877 M |
| 2023 Median Age : | 48 | 51 | 46 |
| 2023 Total Households : | 1,351 | 13,790 | 50,446 |
| 2023 Pop Age 25+: Bachelor's Degree : | 661 | 7,603 | 24,847 |
| 2023 Average Home Value : | $ 479,994 | $ 450,036 | $ 411,608 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Bridgeport Avenue | Old Stratford Rd | 2020 | 13,900 | 0.07 mi |
| Commerce Drive | Progress Dr | 2020 | 8,500 | 0.36 mi |
| Armstrong Rd | 2018 | 31,800 | 0.37 mi | |
| General Samuel Jaskilka | Armstrong Rd | 2012 | 63,100 | 0.37 mi |
| Trap Falls Road | Research Dr | 2020 | 5,100 | 0.38 mi |
| Trap Falls Rd | Armstrong Rd | 2010 | 8,900 | 0.43 mi |
| Armstrong Rd | Trap Falls Rd | 2018 | 9,800 | 0.44 mi |
| Bridgeport Ave | Old Stratford Rd | 2018 | 3,900 | 0.46 mi |
| CT 8 | Armstrong Rd | 2021 | 31,400 | 0.46 mi |
| Old Stratford Rd | Gen Samuel Jaskilka Hwy | 2021 | 5,000 | 0.46 mi |
