333 Boston Ave Bridgeport, CT 06610
- Showrooms
- 1,440 SF
- 0.34 lot acres
Nov 24, 2021
Current Use by Public Records
- Showrooms
Property Details for 333 Boston Ave
- Year built
- 1953
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.34 lot acres
- Property size
- 1,440 SF
- Zone code
- ORS
- Property type
- Showrooms
- APN
- BRID M:61 B:2016 L:1
- APU
- BRIDM61B2016L1
Description
This fee-simple, single-tenant retail property presents a compelling investment opportunity. Located at 333 Boston Ave in Bridgeport, Connecticut (06610), this 1,440 square foot, free-standing KFC restaurant boasts a strong, stabilized NOI of $87,641, yielding a 6.00% cap rate. The property is situated on a highly visible corner lot with ample front parking, benefiting from significant daily traffic (23,000 cars) and a dense population base (over 29,000 people within a one-mile radius). The current NNN lease with KFC has a remaining term of 9.8 years, extending to August 31, 2034, and includes a 6% rental increase every three years, with the next increase scheduled for August 2025. The asking price is $1,460,000, translating to $1,013.89 per square foot. This one-story building offers a secure, long-term investment with minimal landlord responsibilities. The property is 100% occupied and zoned for commercial use (0.34 permitted zoning). This is a rare opportunity to acquire a well-established, high-performing QSR property in a prime location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,225,000
- ML approach
- $1,205,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bridgeport
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.1835
- Latitude
- 41.2006
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
