Norwalk Retail for Sale
This offering presents an exceptional opportunity to acquire a corporate-guaranteed, single-tenant PetSmart property in Norwalk, Connecticut, with 11 years of lease term remaining under a true NNN structure. The asset is priced at $17,636,571 and delivers a stable cash flow supported by an investment-grade tenant with strong operating performance. The property benefits from a long-established presence since 2002 and recent capital investment of $463,000 for tenant improvements and parking enhancements. PetSmart further elevated the location’s revenue base with the addition of a veterinary hospital on-site, adding a complementary high-margin service to its retail offering.
Strategically positioned along US-1, the property experiences traffic counts exceeding 25,000 vehicles per day and provides immediate connectivity to I-95, one of the busiest corridors in the region with over 200,000 vehicles per day. This prime location lies within Fairfield County’s primary retail corridor, an affluent area with household incomes surpassing $164,000 and consistent growth dynamics. Co-tenancy in the immediate trade area includes major national anchors such as Costco, Walmart, Target, Home Depot, and Dick’s Sporting Goods, reinforcing strong consumer draw and retail synergy. As the largest specialty pet retailer in North America, PetSmart operates more than 1,650 stores and enjoys robust market positioning.
This investment offers durable income, minimal landlord responsibilities under an NNN lease, and long-term upside within a thriving and affluent market.
