795 Bridgeport Ave, Shelton, CT 06484

NEW CONSTRUCTION: The new construction retail strip center consists of a 14,193 square foot building and features an attractive architectural design. The building is 100% leased to seven tenants. The property is situated inside of the newly constructed Fountain Square, and benefits from visibility and access along both Bridgeport Avenue and Parrot Drive.

LONG-TERM LEASES WITH INCREASES: Six of the seven tenants have new 10-year leases, and Consumer Cellular has a 7-year lease, each with several 5-year renewal options. All of the leases (except for Consumer Cellular) feature attractive rent increases throughout the base terms and renewal options providing the investor with an attractive increase in revenue and hedge against inflation.

MINIMAL MANAGEMENT RESPONSIBILITIES: Each of the tenants have net leases and reimburse their pro-rata share of operating expenses (real estate taxes, insurance, and common area maintenance) as well as all repairs and maintenance to the buildings, making it an attractive investment for the passive real estate investor.

DYNAMIC CORPORATE TENANTS: Yale New Haven Health Urgent Care currently has 21 centers in Connecticut, and New York, and continues to look for expansion options. Consumer Cellular has more than four million customers nationwide and is a top-rated wireless provider that markets no-contract cellphones and service plans primarily to those 50-plus. They had previously sold their phones and plans online and in Walmart and Target stores but have begun expanding into their own brick and mortar locations. Jersey Mike's Subs is an American submarine sandwich chain that has 4,000 locations across the United States. My Eye Dr. was founded in 2001 and they have grown to more than 850 offices across 28 states.

PRIME RETAIL LOCATION: 795 Bridgeport Avenue is extremely well located at the center of a busy retail, medical and corporate office corridor situated along Bridgeport Avenue between Route 8 and the Trapp Falls Reservoir in Fairfield County. The area is home to more than 5,000,000 square feet of corporate office and flex space, and numerous shopping centers with national retailers and restaurants, all of which drive traffic to the area. Shelton offers a captive employment market that provides a built-in customer base for the tenants in Fountain Square. 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 which sees more than 66,000 vehicles per day.

CORPORATE OFFICE CORRIDOR: Notable corporate tenants include Prudential Financial, CDW, United Healthcare, Robert Half, Barnum Financial Group, Sectra North America, Tetley USA, Baldwin Technology, Black & Decker, BIC Corporation, Playtex, Perkin Elmer and Pitney Bowes.

RETAIL TRADE AREA: Notable tenants drawing consumers to the trade area include Stop & Shop, ShopRite, Walmart, Big-Y, TJ Maxx, The Edge Fitness Club, Walgreens, Goddard School, CVS, Chick-fil-A, Panera Bread, Starbucks, Wendy’s, Bruegger’s Bagels, Five Guys Burgers, Duchess, Dunkin’, Wood N Tap, Chili’s, Longhorn, Chipotle, and Outback Steakhouse.

TRAFFIC COUNTS: Over 16,200 vehicles pass the Property every day along Bridgeport Avenue. An additional 66,000 vehicles pass the trade area daily on CT Route 8.

DEMOGRAPHICS: Approximately 35,200 people live within 3-miles of the Property with an average household income of $157,074. More than 129,000 people live within 5-miles of the Property with an average household income of $151,191. Additionally, there are more than 63,500 employees within 5-miles of the Property.