487 Saw Ml Rd West Haven, CT 06516-4045

Property Details for 487 Saw Ml Rd

Year built

1979

Construction

FRAME

Lot size

1.15 lot acres

Property size

5,462 SF

Zone code

CD

Property type

Showrooms

APN

WHAV M:0033 B:0002 L:0000

APU

WHAVM0033B0002L0000

Description

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.

Location Insight

City

West Haven

County

New Haven

State

Connecticut

Longitude

-72.9744

Latitude

41.2713

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments