775 Bridgeport Ave, Shelton, CT 06484

NEW CONSTRUCTION: The new construction Trader Joe’s is situated inside the newly constructed Fountain Square and includes a modern design and ample parking.

LONG-TERM LEASE WITH INCREASES: Trader Joe’s has 9+ years remaining on their primary lease term with four (4), 5-year renewal options. The Lease calls for rent increases every 5 years throughout the primary lease and at the start of each renewal option providing the investor with an attractive increase in revenue and hedge against inflation. Rent shall increase by the cumulative 5-year change in CPI with a cap of 10% for each adjustment.

MINIMAL MANAGEMENT RESPONSIBILITIES: Trader Joe’s 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.

DYNAMIC CORPORATE TENANT: Trader Joe’s is an American grocery store chain with more than 600 locations. Trader Joe’s’ 2025 estimated revenue is between $20- $25 Billion and leads the grocery industry with a remarkable SPSF of approximately $2,000, which is significantly higher than competitors like Walmart ($400) and Target ($300).

PRIME RETAIL LOCATION: Trader Joe’s 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, CVS, Starbucks, Chick-fil-A, Cava, 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.