Freestanding Leasehold Retail
For Sale
Contact for pricing
Pending
51 Richards Avenue, Norwalk, CT 06854
Tenanted retail property with a personal guarantee and extension options under a ground lease structure.
Property SizeContact for details
Days on Market41
Property Features for 51 Richards Avenue
General Information
Standard status
Pending
Property subtype
Retail
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
JLL - New York City, New York
Listed By:
Donald Cafero · License #CT RES. 795539
Source:
Crexi
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 1:41PM
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 JLL - New York City, New York
Investment Insights
Based on property information with market context.
The offering comprises the leasehold interest in a freestanding retail building occupied by an Ashley HomeStore operator. The tenancy includes a personal guarantee from the local operator and provides three five-year extension options. The property is held under a ground lease that includes four extension options through 2052.
Located at 51 Richards Avenue in Norwalk, the building sits just off Connecticut Avenue and is surrounded by national retailers that contribute to area retail activity. The property presents a single-tenant retail configuration within an established commercial setting.
Located at 51 Richards Avenue in Norwalk, the building sits just off Connecticut Avenue and is surrounded by national retailers that contribute to area retail activity. The property presents a single-tenant retail configuration within an established commercial setting.
Key Highlights
- Leasehold interest in a freestanding retail building
- Occupied by an Ashley HomeStore operator
- Tenancy includes a personal guarantee from the local operator
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
290k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 40%
Home Improvements & Furnishings 29%
Dining 20%
Shops & Services 10%
Costco Wholesale
Superstores
116,632 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
49,460 visits/mo
0.5 miles
McDonald's
Dining
35,747 visits/mo
0.3 miles
HomeGoods
Home Improvements & Furnishings
34,638 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
14,980 visits/mo
0.5 miles
Demographics for 06854, CT
29,931
Population
12,246
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.8 sq mi
ZIP Area
6,236
Density / Sq Mi
$86,399
Median Household Income
$42,868
Median Earnings
$1,898
Median Rent
$453,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Stop & Shop Florist — 21 Cossitt Rd, Norwalk, CT 06854
Frequently Asked Questions
What type of property is this?
Storefront property - Tenanted retail property with a personal guarantee and extension options under a ground lease structure.
Where is this storefront property located?
The property is located at 51 Richards Avenue Norwalk, CT.
What are key features of this property?
This property features: Leasehold interest in a freestanding retail building; Occupied by an Ashley HomeStore operator; Tenancy includes a personal guarantee from the local operator
