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ShopRite-Anchored Shopping Center
For Sale
$3,880,000

846 South Colony Road, Wallingford, CT 06492

Established retail center with grocery, pet supply, and self-storage users along North Colony Road.

Property Size15 SF
Price / SF$268.29
Days on Market141

Property Features for 846 South Colony Road

General Information

Standard status Active
Size 15 SF
Property subtype Commercial
Lease Term Business Included YNN: Negotiable

Site & Location

Anchor Co-Tenants ShopRite, Petco, Extra Space Storage
Highway Access Yes

Building Details

Building Size 15 SF
Year Built 1991
Tenancy Multi
Listing Agency: Advise Realty Services
Listed By: Vincenzo Valentino · License #9088276-RE-S
Source: Iverty
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 1 at 4:18AM

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 Advise Realty Services

Investment Insights

Based on property information with market context.

Wallingford Fair Shopping Center is an approximately 115,000-square-foot retail property anchored by a ShopRite supermarket. The tenant roster also includes Petco, which has occupied space at the center for more than 25 years, and Extra Space Storage, which manages a self-storage facility under a recently signed 99-year ground lease. ShopRite’s base lease term extends through 2034.

The property is located at 846 N Colony Rd in Wallingford, Connecticut, along North Colony Road, also identified as Connecticut Route 5. It sits south of the intersection of Route 15 and Route 68 and is minutes from the intersection of Interstate-91 and Interstate-691. The center combines grocery, pet supply, and storage uses within an established shopping center format.

Key Highlights

  • Approximately ±115,000‑square‑foot grocery‑anchored shopping center
  • ShopRite base lease term runs through 2034
  • Petco has been a tenant for more than 25 years

Property Analytics

Current Use

Redbox Cinema higi Physician ShopRite of Wallingford Grocery & Convenience Store

Suggested Use

Top Pick Grocery & Convenience Store Locksmith (Bike/Boat/Book/etc) Store Butcher Carpet & Flooring Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,164
Businesses Nearby
467k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 31% Shops & Services 23% Dining 21% Groceries 21%
Walmart Superstores
142,834 visits/mo 0.1 miles
Stop & Shop Groceries
56,947 visits/mo 0.4 miles
ShopRite Groceries
42,607 visits/mo 0.1 miles
Cumberland Farms Shops & Services
28,655 visits/mo 0.3 miles
Dunkin' Donuts Dining
20,857 visits/mo 0.1 miles

Demographics for 06492, CT

44,606
Population
19,603
Households
2.3
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
39.8 sq mi
ZIP Area
1,121
Density / Sq Mi
$101,757
Median Household Income
$57,977
Median Earnings
$1,346
Median Rent
$328,400
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Established retail center with grocery, pet supply, and self-storage users along North Colony Road.
Where is this shopping center located?
The property is located at 846 South Colony Road Wallingford, CT.
What is the asking price?
The asking price for this property is $3,880,000.
What are key features of this property?
This property features: Approximately ±115,000‑square‑foot grocery‑anchored shopping center; ShopRite base lease term runs through 2034; Petco has been a tenant for more than 25 years
More about this property
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