Turnkey Convenience
For Sale
$201,000
367 Orange Street, Bridgeport, CT 06607
Fully equipped convenience store for sale with fixtures, coolers, and current inventory on a busy I-95 corridor.
Property Size1,146 SF
Price / SF$175.39
Days on Market64
Property Features for 367 Orange Street
General Information
Standard status
Active
Size
1,146 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1956
Listing Agency:
YellowBrick Real Estate LLC
(203) 981-1751
Listed By:
Jessica Edward · License #RES. 0829445
(203) 981-1751
Source:
Lockandkeyre
Added: Jun 23
Changed: Aug 25
Last Checked: Aug 25 at 5:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of YellowBrick Real Estate LLC
Investment Insights
Based on property information with market context.
This turnkey convenience store is being offered with the operational components needed to open without additional outfitting, including coolers, store fixtures, equipment, and current inventory. The property is presented as an all-in package for an operator who wants to take over an existing retail setup. The reported property size is 1,146 square feet.
The store is located right next to I-95 on the Bridgeport/Stratford line, designed for strong visibility and easy access. The seller also describes the surrounding area as busy, with both foot and vehicle traffic supported by its proximity to major transportation routes.
For the right buyer, this configuration can support a straightforward convenience retail business model with minimal transition time from acquisition to operation, since core equipment and in-place improvements are included. If you’re evaluating use options beyond ownership, the remarks also indicate the building is available for lease in connection with the store offering. For serious operators and investors, the package may be worth reviewing for a quick-standup retail format based on the included fixtures, equipment, and inventory.
The store is located right next to I-95 on the Bridgeport/Stratford line, designed for strong visibility and easy access. The seller also describes the surrounding area as busy, with both foot and vehicle traffic supported by its proximity to major transportation routes.
For the right buyer, this configuration can support a straightforward convenience retail business model with minimal transition time from acquisition to operation, since core equipment and in-place improvements are included. If you’re evaluating use options beyond ownership, the remarks also indicate the building is available for lease in connection with the store offering. For serious operators and investors, the package may be worth reviewing for a quick-standup retail format based on the included fixtures, equipment, and inventory.
Key Highlights
- 1956‑built property with a fully equipped convenience/variety store for sale
- Includes all coolers, store fixtures, equipment, and current inventory
- Store is located right next to I‑95 on the Bridgeport/Stratford line
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,842
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$316,840
$316.8K
Cap Rate 7%
$226,314
$226.3K
Cap Rate 9%
$176,022
$176.0K
Market Conditions
NOI Build-Up for 1,146 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.0K $19.20/SF
− Vacancy
−$880 −$0.77/SF
EGI
$21.1K $18.43/SF
− OpEx
−$5.3K −$4.61/SF
NOI
$15.8K $13.82/SF
Area
Bridgeport, CT
Vacancy
4.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$316,840
Cap Rate 7%
$226,314
Cap Rate 9%
$176,022
Alternative Uses
Best Use
Specialty Retail
$226.3K
$198.0K – $264.0K
NOI $15,842 @ 7.0% cap · market cap 7.88%
Second Best
Retail
$197.0K
$172.4K – $229.8K
NOI $13,790 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$327.1K
$286.2K – $381.6K
NOI $22,897 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06607, CT
8,690
Population
2,696
Households
3.2
Avg Household Size
33
Median Age
7%
College-Educated
75%
High-School Grad
1.2 sq mi
ZIP Area
7,242
Density / Sq Mi
$49,555
Median Household Income
$32,000
Median Earnings
$1,398
Median Rent
$218,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Fully equipped convenience store for sale with fixtures, coolers, and current inventory on a busy I-95 corridor.
Where is this grocery and convenience store located?
The property is located at 367 Orange Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $201,000.
What are key features of this property?
This property features: 1956‑built property with a fully equipped convenience/variety store for sale; Includes all coolers, store fixtures, equipment, and current inventory; Store is located right next to I‑95 on the Bridgeport/Stratford line
