467 Connecticut Ave
Norwalk, CT 06854

Chick-fil-A condominium leasehold interest located in Norwalk, CT. This brand new construction Chick-fil-A features a new 20-year lease with ten 5-year options to extend and 10% increases in the 10th year and every 5 years thereafter. The property sits atop a 99-year Ground Lease which features a right of first refusal in favor of the leasehold to purchase the underlying land, should the ground owner ever elect to sell. The subject property has excellent visibility along Connecticut Avenue, a major retail corridor between Norwalk and Darien. Connecticut Avenue is located parallel to Interstate-95, the main Interstate Highway on the East Coast. Strong neighboring tenants include Costco, Walmart, CVS Pharmacy, Best Buy, PetSmart, Home Depot, Lowes and more. The subject property is less than 5 miles from the 700,000+ square foot SoNo Collection, an under construction retail center anchored by Nordstrom and Bloomingdales, and consisting of 80-100 smaller retailers. The subject property is also located 49 miles northeast of New York City, offering easy access for commuters with four metro rail stations, I-95, U.S. Route 7, and State Routes 53, 123, and 136. Norwalk Community College is located less than one mile from Chick-fil-A and enrolls over 6,500 students.