August 22, 2025 – Bob Horvath, Todd Tremblay and Matt Nadler of Horvath & Tremblay have successfully completed the sale of a Shell Gas Station in Norwalk, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,920,000.
The Shell Gas Station is located at 395 Main Avenue in Norwalk, Connecticut. The Property consists of a 1,624 square foot freestanding building with 8 fueling stations on a 0.36-acre corner lot. Shell has an extensive operating history at this location, signing their initial lease in 1966 and executing multiple lease extensions, demonstrating their commitment to the site and market. There are over 6 years of term remaining on their Absolute NNN Lease with an attractive 10% rent increase in September 2026. The Shell Gas Station is located at the signalized intersection of Main Avenue and Glover Avenue, strategically positioned just off of the junction of CT Route 15 and US Route 7. The parcel benefits from excellent frontage and visibility, with prominent signage and three points of access. Main Avenue is the area’s primary commercial and commuter corridor, with large grocery-anchored retail centers to the north and south of the Property and an extensive array of national and local retailers, businesses and professional services that drive traffic to the area. The Shell Gas Station also offers outstanding access to US Route 7, the Merritt Parkway (CT Route 15) and Interstate 95 as well as the Merritt 7 Train Station.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the 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.