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    846 N Colony Rd Wallingford, CT 06492

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    For Sale
    Contact for pricing

    ShopRite supermarket with excellent location and strong demographics.

    Property size:
    115,000 SF
    Lot size:
    33.68 Acres

    Property Features for 846 N Colony Rd

    General Information

    Size
    115,000 SF
    Lot size
    33.68 Acres

    Source: CBRE | Boston Agent Nat Heald

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    High-Volume ShopRite Supermarket For Sale

    This property features a high-volume ShopRite Supermarket, identified as one of the strongest grocers in the market. The location offers excellent local and regional access along Route 5, situated immediately off Route 15, a heavily traveled North-South connector highway between Hartford and New Haven, and in close proximity to Interstate-91. The surrounding area benefits from institutional quality demographics within one of greater New Haven’s densely populated suburbs, with 108,000 residents living within a 5-mile radius and an average household income of $107,000. The property ensures durable income with an exceptionally long weighted average lease term (WALT) and excellent tenant longevity. It features extended frontage on Route 5 (North Colony Road), served by a signalized entrance with a pylon that was replaced and upgraded in 2023. ShopRite occupies the property under an absolute net lease, backed by parent company Wakefern Food Corp. and former tenant, Shaw's Supermarkets, as well as Shaw's Supermarkets' parent company, J. Sainsbury, through the primary term and options. The property size is 115000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Redbox Movie Rental Kiosk higi Health Consultant ShopRite of Wallingford Grocery Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Bocca Latin Fusion, Price Chopper

    Location Insight

    • Map
    • Local Demand
    City
    Wallingford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.809294
    Latitude
    41.4792023

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    FAQs

    What type of property is this?
    Grocery and convenience store - ShopRite supermarket with excellent location and strong demographics.
    Where is this grocery and convenience store located?
    The property is located at 846 N Colony Rd Wallingford, CT.
    What are key features of this property?
    This property features: - High-volume ShopRite supermarket, a strong grocer.; - Excellent location off Route 15, a major connector and near Interstate-91.; - Absolute net lease backed by Wakefern Food Corp., Shaw's Supermarkets, and J. Sainsbury.
    (617) 953-0152
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    846 N Colony Rd Wallingford, CT 06492
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    Wallingford, CT 06492
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    846 N Colony Rd Wallingford, CT 06492
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