802-804 Federal Road - Brookfield Village

Retail-Commercial for Lease
Also listed as Shopping Center
Catylist Listing ID: 30297996
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Contiguous Space: 1,000 - 15,200 SF
Building Size (RSF): 15,200 SF
Gross Land Area: 3.50 Acres
Lease Rate: $19 - 26 PSF (Annual)
Base Monthly Rent: $24,066 - 32,933
Lease Types: NNN
Ceiling: 12 ft.
Building Name: Brookfield Village
Usable Size (USF): 15,000 SF
Last Updated: 10/14/2019

Overview / Comments

“Brookfield Village” is a multi-phased, mixed-use Retail/Commercial/Residential Development Project located at the Brookfield Town Center District emerging growth and robust development area.
The project spans over 3.5 acres with frontage at 800 Federal Rd. Brookfield Village is Brookfield’s new premier “Town Center District” Master planned Revitalization Project providing a charming village community concept on Federal Road. The Master Planned Village concept will now be the new “go to” destination for restaurants, food services and personal service locations for many area residents as the project is developed and completed.
The Brookfield Village Project includes four new buildings when completed with 72 apartments and 26,000 sf of street level commercial space.
The Brookfield Village project is within the Town Center District Zone allowing many uses including restaurants, food/coffee services, professional/personal services such as salons, spas, retail, medical related uses.
The initial Brookfield Village Phase 1 first two buildings are now completed and fully leased. The leasing program has been successful in producing quality tenants; Phase 1 is currently 100% leased with leases to Subway, Rich’s Ice Cream Dairy, LaPiazza Italian restaurant, Travelling Chic Boutique, Brookfield Cafe and the Honeymoon nail salon . All of these new tenants are scheduled to be built out and completed during 2019. The success of the leasing at Phase 1 has encouraged the developer to initiate the Phase 2 pre-leasing marketing program that is currently under way with a commitment from an upscale Asian Restaurant.
When Phase 2 is built, it will contain two buildings fronting on Federal Rd. separated by a large open plaza. These two buildings, similar in design to the recently built building on Federal Rd. will contain two floors of apartments above with first level commercial space designed to have substantial outdoor patio and plaza access. This is a desired design for the many restaurants and retail operations who now require adjacent outdoor displays and patio dining. Currently, the plan is for completion of the two Phase 2 buildings in early 2021.

Rents are in the range of $19/S.F. to $26/S.F. NNN. Pre-leasing includes a substantial build-out allowance for 5 and 10 year leases. This substantial build-out will allow the tenant to design and build out quality space for their business needs. In addition, 100% of Brookfield’s Real Estate Tax Abatement is being credited to the Tenant for the duration of the multi-year tax abatement allowing for very competitive rent rates on the project.
The regional public transportation bus stop is near Brookfield Village on Federal Road. The location provides easy access from Rte. 25, Super 7 & I-84 via exit #7.
Adjacent to the Brookfield Village, the Town of Brookfield recently completed the first phase of the planned Streetscape Project adding new infrastructure including sidewalks, street lighting, landscaping, and road widening up to the threshold of the Project. The New England style Streetscape was designed to complement the attractive Brookfield Village project architectural features.

As an added bonus feature to the Brookfield Village project is the recent development of the Still River Greenway Trail for biking, runners and walkers. This Trail is currently a huge success used by many families and hundreds of users each week to utilize this bucolic and verdant trail. Plans are in motion to extend the Greenway Trail up to the doorstep of Brookfield Village bringing many potential customers to the commercial tenants.

Call George Walker today to reserve your space. 203-733-0692.

Expand All Available Space

Suite: Brookfield Village 15,200 SF $19 - 26 PSF (Annual) NNN
Level/Floor: Ground
Space Available: 15,200 SF
Minimum Divisible: 1,000 SF
Lease Rate: $19 - 26 PSF (Annual)
$24,066 - 32,933 (Monthly)
Lease Type: NNN
Space Description: The Commercial spaces available in Buildings 2 and 3 have excellent leasing depths to meet your requirement with large outdoor patio and plaza areas ideally suited for outdoor dining and display. Units as small as 1,000sf are available and we are Pre-leasing now for mid 2020 occupancy of choice locations. Rents are in the range of $19/S.F. to $26/S.F. NNN. Pre-leasing includes a substantial build-out allowance for 5 and 10 year leases with 100% of Brookfield’s Real Estate Tax Abatement credited to the Tenant for the duration of the Abatement. The substantial build-out allows you to design and build out quality space for your business needs. The
Convenient and substantial parking is at your doorstep. There is a bus stop directly in front of the Brookfield Village on Federal Road. Utilities include Eversource Electric, Charter Cable/Internet, natural gas, and Municipal water & sewer.
The Brookfield Village Project includes four new buildings with approximately 26,000 sf of commercial space located on the first floor. Two stories of one and two story nicely appointed residential apartments with elevators are above the first floor commercial space. The TCD zoning allows many uses including professional services, retail, restaurants, spas, medical related uses, food/ coffee services and offices.
Call George Walker to review how to participate in this Project! 203-733-0692.
Space Subcategory: Neighborhood Center, Medical
Date Available: 4/1/2020
Lease Term: 60 Months
Space Type: New
Parking Spaces 150
Tax Expenses $0.70 PSF (Annual)
CAM Expenses $3.50 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description 3% per year
Tenant Improvements Allowance $60

Additional Details

Nearest MSA: Bridgeport-Stamford-Norwalk
County: Fairfield
Taxing Authority: Brookfield, CT
Tax ID/APN: D07/081
Zoning: TCD - TOWN CENTER DISTRICT
Market Type: Medium
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Route 25 and Route 7
Side of Street: West
Road Type: Highway
Property Visibility: Excellent
Largest Nearby Street: Federal Road
Traffic/Vehicle Count: 15,000
Transportation: Bus, Highway, Taxi
Highway Access: Easy and direct access from Rte. 25, Super 7 & I-84 via exit #7.
Airports: Hartford- 1 hour, NYC- LaGuadia- 1.5 hour
Site Description: Topo of the site is flat. Convenient and substantial parking is at your doorstep. There is a bus stop near the Brookfield Village on Federal Road. Utilities include Eversource Electric, Charter Cable/Internet, natural gas, and Municipal water & sewer.
Area Description: The Town Center district formerly known as the Four Corners area has seen significant changes during the past few years evolving into a desirable commercial location for restaurants, personal services or other commercial business to locate. For example, the vehicle traffic count has dramatically increased from a mere 4,000 vehicles per day shortly after the Rte. 7 bypass was opened in 2009, eight years ago. A substantial increase in the traffic count has developed since then and today it is approaching 15,000 vehicles per day driving past the Brookfield Village project. Traffic counts are important to commercial tenants. Adjacent to the Brookfield Village, the Town of Brookfield recently completed the first phase of the planned Streetscape Project adding new infrastructure including sidewalks, street lighting, landscaping, and road widening up to the threshold of the Project. The New England style Streetscape was designed to complement the attractive Brookfield Village project architectural features. As an added bonus feature to the Brookfield Village project is the recent development of the Still River Greenway Trail for biking, runners and walkers. This Trail is currently a huge success used by many families and hundreds of users each week to utilize this bucolic and verdant trail. Plans are in motion to extend the Greenway Trail up to the doorstep of Brookfield Village bringing many potential customers to the commercial tenants.
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Number of Stories: 3
Typical SF / Floor: 7,600 SF
Property Condition: Excellent
Year Built: 2019
Construction/Siding: Steel Frame
Exterior Description: Attractive and charming architectural design to blend in with the surrounding area.
Total Parking Spaces: 150
Parking Type: Surface
Parking Description: Flat surface parking directly adjacent to the buildings
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, T1/T3
Interior Description: Pre-leasing includes a substantial build-out allowance for 5 and 10 year leases. This substantial build-out will allow the tenant to design and build out quality space for their business needs.
Zoning Description: Town Center District- The TCD zone allows many uses including professional services, retail, restaurants, spas, medical related uses, food/ coffee services, medical uses and offices. Allows substantial outdoor dining patios and plaza.
Part of Planned Development?: Yes
Lot Frontage: 500
Lot Depth: 1000
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,140 28,393 65,312
Median Age: 42.19 43.35 42.47
Households: 1,862 10,210 24,240

Contact

Photograph of Listing Agent

Joseph Michael Struna

Advantage Realty Commercial CTCList Member
Photograph of Listing Agent

George F. Walker

Advantage Realty Commercial Not a member of CTCList
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