370 Main Ave Norwalk, CT 06851

This exceptional investment opportunity presents a 3,564 square foot, single-tenant net lease restaurant located at 370 Main Avenue in Norwalk, Connecticut. The property, built in 1966 and fully renovated in 2023, sits on a 0.6-acre lot and boasts 42 on-site parking spaces. Currently occupied by the Wild Rice Restaurant under an NN lease, the property offers a substantial remaining lease term of 6.3 years (commencing March 1, 2023, and expiring February 28, 2031). The asking price is $1,455,000, representing a compelling price per square foot of $408.25 and a 7.01% cap rate based on a Net Operating Income (NOI) of $102,000. The property enjoys excellent visibility and high traffic counts on Main Avenue, with an estimated 18,700 cars passing daily. Zoned CD-3C, this property offers a secure, passive income stream with a strong tenant in a desirable location. The building is a single-story structure with one unit. This is a rare opportunity to acquire a well-positioned, net-leased restaurant property in a thriving Connecticut market.