Horvath & Tremblay completes $5.176
million sale of newly constructed Chick-fil-A

West Haven, CT Matt Nadler, Bob Horvath, Todd Tremblay and Jason Woods of Horvath & Tremblay have completed the sale of a Chick-fil-A. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5,176,470 which represents a 4.25% cap rate.

The new construction Chick-fil-A is located at 487 Saw Mill Rd. and consists of a 2,702 s/f building with a double drive thru. Chick-fil-A has a new 20-year absolute NNN ground lease with eight, five-year renewal options.  The lease calls for an attractive 10% rent increase in year 11 and at the start of each renewal option. The property opened to the public in November 2024. 

The new construction Chick-fil-A is located along Saw Mill Rd. (CT Rte. 162). The property has visibility, frontage and signalized access and is positioned directly in front of I-95’s exit 42 on-off ramp. The property is part of a dominant trade area that is home to numerous national retailers and restaurants (including Walmart Supercenter, McDonald’s, 7-Eleven, Starbucks, Chipotle, Aspen Dental, Texas Roadhouse and Aldi), the West Haven Train Station, the VA Hospital and VA Connecticut Healthcare System Campus, Yale University West Campus, and major roadways including US Rte. 1 and I-95, all of which drive traffic to the area. Additionally, the property is within minutes of several area public and private schools, several colleges and universities, multiple nationally branded hotel/motels, and is surrounded by populated residential neighborhoods providing a built-in customer base.

Horvath & Tremblay is one of the most active and successful investment real estate brokerage firms in the U.S. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.