779 Bridgeport Ave, Shelton, CT 06484

NEW CONSTRUCTION: The new construction Cava is situated inside of the newly constructed Fountain Square and includes a modern design, drive-thru lane, and outdoor patio seating.

LONG-TERM LEASE WITH INCREASES: Cava has 9+ years remaining on their primary lease term with two (2), 5-year renewal options. The Lease calls for 12% rent increases every 5 years throughout the primary lease term and at the start of each option period, providing the investor with an attractive increase in revenue and hedge against inflation.

MINIMAL MANAGEMENT RESPONSIBILITIES: Cava reimburses its pro rata share of real estate taxes, insurance and common area maintenance, making it an attractive investment for the passive real estate investor. Cava has a 5% Cap on Controllable Operating Expenses.

DYNAMIC CORPORATE TENANT: Cava is a fast-growing, fast casual chain and the largest operator of Mediterranean restaurants in the country. Founded in 2006, the company is rapidly expanding and has more than 367 locations with plans for continued aggressive expansion. The company is publicly traded (NYSE: CAVA) with a market capitalization of over $7.28 billion (1/28/2026). Cava reported 2024 revenue of $954.3 million, at 33.1% increase over 2023.

PRIME RETAIL LOCATION: Cava 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, Trader Joe’s, TJ Maxx, The Edge Fitness Club, Walgreens, CVS, Starbucks, Chick-fil-A, 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.