Starbucks & Dave’s Hot Chicken | Brookfield, CT
Retail | 6.04% CAP | 5,060 SqFt
Marketing description
Atlantic Capital Partners is pleased to exclusively offer for sale the newly constructed two-tenant building in Brookfield, CT located at 112 Federal Road. The property is 100% leased to Starbucks and Dave's Hot Chicken on new long-term net leases.
The Offering is a rare and highly coveted investment opportunity in the heart of Fairfield County. The Starbucks is a relocation store within the submarket, demonstrating their long-term commitment to the trade area. Both Starbucks and Dave's Hot Chicken signed new 10-year leases, offering investors secure long-term cash flow combined with tremendous embedded real estate value.
The property is 5,060 square feet atop 1.84 acres and positioned at a high visibility, signalized intersection in a dense and affluent high barrier-to-entry submarket in the heart of Fairfield County. The asset is an outparcel to a BJs store location that sees 1.3 million annual visitors (source: Placer AI). The trade area enjoys household incomes approaching $150,000 within three miles of the property.
Investment highlights
NEW 2025 CONSTRUCTION - Recently developed two-tenant center minimizing exposure to near-term capital expenses
NEW LONG-TERM LEASES - Starbucks & Dave's Hot Chicken both executed new 10-Year Leases, providing surety of long-term cashflow
HIGH BARRIER-TO-ENTRY MARKET - Starbucks re-location store with a lease that is corporately guaranteed (NASDAQ: SBUX) which saw $36.18B in Annual Revenue in 2024
DENSE RETAIL TRADE AREA WITH NATIONAL RETAILERS - The asset is located in the heart of a dense retail node with national retailers BJ's, ShopRite, Costco, and Petco
ATTRACTIVE RENTAL INCREASES - Both leases feature 10% rent increases every 5 years including option periods
STRONG REGIONAL CONSUMER BASE - The property benefits from strong demographics with a 5 mile population of 116,740 people earning $131,069
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