480 Westport Ave, Norwalk, CT
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
Renewal Options:
4, 5-year options
Building Sq. Ft.:
3,350 SF
Rent Increases:
10% every 5 years
Site Size:
.60 Acres

Investment Highlights

  • COMMITMENT: Absolute NNN lease structure with zero landlord responsibilities
  • RENT GROWTH: The lease calls for 10% increases every 5- years, providing a hedge against inflation.
  • DEMOGRAPHICS: Property is located in an extremely affluent Connecticut location with average household income of $180,000+ within 1 mile.
  • SURROUNDING RETAIL: Situated in a dense retail corridor including: Whole Foods, Marshalls, CVS, and Walgreens

Listing Agents

Phil DiGennaro

Managing Director
203 610 1541

Adam Baxter

Vice President
205 394 3520

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