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Property profile & analytics
OFF-MARKET Estimated value $2,130,000
Showrooms

487 Saw Ml Rd West Haven, CT 06516-4045

5,462 SF 1.15 ac lot Built 1979
Individually Owned 1-yr Hold Free & Clear
Property ID
US15-0224071
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,702 square-foot Chick-fil-A restaurant in West Haven, Connecticut. Located at 487 Saw Mill Road, this single-tenant property boasts a prime location directly off Interstate 95's exit 42, ensuring high visibility and accessibility. The property sits on a 1.15-acre lot and features a double drive-thru. The absolute NNN ground lease with Chick-fil-A commenced December 1st, 2024, and extends for 20 years, with eight 5-year renewal options. Rent increases by 10% every five years, providing a strong hedge against inflation. The property benefits from a corporate guarantee and enjoys 100% occupancy, generating a Net Operating Income (NOI) of $220,000 and a 4.00% cap rate. The surrounding area is densely populated with a high average household income and features numerous national retailers and restaurants, a train station, hospitals, and several colleges and universities, creating a robust customer base. With over 26,300 vehicles passing daily on Saw Mill Road and over 142,100 on I-95, this Chick-fil-A enjoys exceptional traffic counts and prominent signage. This is a truly passive investment opportunity with a strong, nationally recognized tenant and significant long-term growth potential. The building was constructed in 2025.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1979
Construction FRAME
Total area 5,462 SF
Lot 1.15 ac (50,094 SF)
Zoning code CD
APN WHAV M:0033 B:0002 L:0000
UPID US15-0224071
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.13M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.13M
Owner & transaction history
487 Saw Mill Rd Chkfla Ll · 1 yrs held
487 Saw Mill Rd Chkfla Ll
since 2025
Last sale
$2.2M
4 recorded transactions
2025
$5.2M
2022
$2.2M
2019
Price N/A
2001
Price N/A
Zoning & alternative use
CD · West Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CD Commercial Design SRR Shoreline Retail/Residential Design SDD Shoreline Design District PRD Planned Research and Development TOD Transit Oriented Design WD Waterfront Design OTHER DISTRICTS OS Open Space PF Public Facilities PVD Planned Village District CAM Coastal Area Management (On Separate Map) FLOOD FEMA Flood Prevention (On Separate Map) 1.5 INCORPO…

Zone name Commercial Design
General category COMMERCIAL
Zone area 92.43 ac
Source ZONING ORDINANCE
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