April 23, 2025 – Jack Laurendeau, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a two tenant retail center leased to Chipotle & The Good Feet Store in Danbury, Connecticut. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $6,000,000.
The two tenant strip center is located at 1 Sugar Hollow Road in Danbury, Connecticut. The Property was constructed in 2024 and consists of a 5,156 square foot building on a 1.2-acre parcel. Chipotle has 14+ years remaining on their lease with four (5), 5-year renewal options. The Good Feet Store has 9+ years remaining on their lease with two (2), 5-year renewal options. Both tenants are responsible for their pro-rata share of real estate taxes, insurance and common area maintenance and the leases call for attractive 10% rent increases every five years throughout the primary lease term and the renewal options providing an increase in revenue and a hedge against inflation. The Property is well located along Sugar Hollow Road in a dominant commercial node that is home to the Danbury Fair Mall with more than 1.2 million square feet and 150+ retailers, the Shops at Marcus Dairy, a Whole Foods anchored center, and Danbury Square, an Ocean State Job Lot anchored center. The Property enjoys outstanding frontage and visibility and is seconds from US Route 7 and 0.7 miles from Interstate 84 and US Route 6.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.