143 Purdy Hill RdMonroe, CT 06468

This exceptional investment opportunity presents a newly constructed (2024), 5,300 square foot, triple-net (NNN) leased retail property in Monroe, Connecticut. The property boasts three highly-rated national franchise tenants: Chipotle, Jersey Mike's Subs, and Wayback Burgers, all under a 15.1-year lease commencing October 1, 2023, and expiring October 31, 2038, with 14 years remaining. Located on a 2-acre lot at a signalized intersection on a busy road with over 26,000 cars daily, this property benefits from a strong retail corridor including national brands like Stop & Shop, Big Y, McDonald's, and Panera Bread. The property enjoys 100% occupancy and a current Net Operating Income (NOI) of $269,500, translating to a 5.50% cap rate. The lease includes 10% rent bumps every five years, providing a built-in hedge against inflation. Situated in desirable Fairfield County, the property is a short drive from Bridgeport and benefits from an average household income exceeding $165,000 within a 3-mile radius. The asking price is $4,900,000 and is suitable for a 1031 exchange. Tenants are credit-rated, with franchisee and corporate guarantees.