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Starbucks & Chipotle Anchored Retail Center 990 Foxon Rd 10,863 SF 100% Leased Retail Building East Haven, CT 06513 $15,694,031 CAD ($1,444.72 CAD/SF) 6.25% Cap Rate
Investment Highlights
- New Construction - Long Term Leases
- National Tenant Roster
- New Haven MSA
- Attractive Rent Increases
- Strategic Retal Location
- High Traffic Counts
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in the new construction Shopping Center located at 990 Foxon Road in East Haven, Connecticut (the “Property”). The new construction center will be home to seven national tenants and will contain 10,863 square feet on a 2.08-acre parcel. The shopping center is 100% occupied by a freestanding Chipotle, an inline strip center with Starbucks, Jersey Mike’s, Five Guys and GoHealth Urgent Care, a Bank of America (ATM) and Electric Vehicle (EV) Charging Stations (operated by Fast Charge). All of the tenants will have new 10, 15, or 20-year leases with renewal options and scheduled rent increases in both the primary lease terms and renewal options.
The new construction shopping center is ideally situated along Foxon Road (CT Route 80), the area’s primary commercial and commuter corridor. The Property is positioned at a signalized intersection and enjoys outstanding frontage and visibility and is surrounded by national retailers and restaurants driving traffic to the area, and densely populated residential communities and neighborhoods that provide a built-in customer base. Additionally, the Property enjoys convenient access to Interstates 91 and 95, US Routes 1 and 5, Downtown New Haven, Yale University and manufacturing and industrial clusters around New Haven Harbor and Tweed New Haven Airport.
The new construction shopping center is ideally situated along Foxon Road (CT Route 80), the area’s primary commercial and commuter corridor. The Property is positioned at a signalized intersection and enjoys outstanding frontage and visibility and is surrounded by national retailers and restaurants driving traffic to the area, and densely populated residential communities and neighborhoods that provide a built-in customer base. Additionally, the Property enjoys convenient access to Interstates 91 and 95, US Routes 1 and 5, Downtown New Haven, Yale University and manufacturing and industrial clusters around New Haven Harbor and Tweed New Haven Airport.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,863 SF
Building Class
C
Year Built
2026
Price
$15,694,031 CAD
Price Per SF
$1,444.72 CAD
Cap Rate
6.25%
NOI
$980,877 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
2.08 AC
Zoning
CB-2
Frontage
43’ on Foxon Road
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Bank of America
- Finance and Insurance
- -
- -
- May 2033
- Chipolte
- Retailer
- -
- -
- Nov 2041
- Five Guys
- -
- -
- -
- Nov 2041
- Jersey Mikes
- Retailer
- -
- -
- Dec 2036
- Starbucks
- Retailer
- -
- -
- Feb 2037
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Bank of America | Finance and Insurance | - | - | May 2033 | ||
| Chipolte | Retailer | - | - | Nov 2041 | ||
| Five Guys | - | - | - | Nov 2041 | ||
| Jersey Mikes | Retailer | - | - | Dec 2036 | ||
| Starbucks | Retailer | - | - | Feb 2037 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | EHAV-000450-005618-000006 | Improvements Assessment | $589,384 CAD |
| Land Assessment | $357,304 CAD | Total Assessment | $946,688 CAD |
Property Taxes
Parcel Number
EHAV-000450-005618-000006
Land Assessment
$357,304 CAD
Improvements Assessment
$589,384 CAD
Total Assessment
$946,688 CAD
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Starbucks & Chipotle Anchored Retail Center | 990 Foxon Rd
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