PetSmart – Norwalk, CT

Issenberg & Britti Group of Surmount is pleased to present for sale this 23,148 square foot PetSmart on 2.07 acres located at 525 Connecticut Avenue in Norwalk, Connecticut (Population 91,184) and part of the New York Metropolitan Area and the sixthmost populous city in Connecticut. Located directly on US-1 (25,000 Vehicles per day) with immediate access to I-95 (200,00 Vehicles per day) Exits 13 and 14, this property sits in the primary retail corridor serving lower Fairfield County, which is one of the most affluent areas (Over $164K HHI in the Market Area) in the Northeast. Rents have continued to increase in this area since COVID along with strong population growth.
Major retailers in the vicinity of this PetSmart include Costco, Walmart, Dick’s Sporting Goods, Home Depot, Kohl’s, ShopRite, Old Navy, Raymour & Flanigan, Wells Fargo, TD Bank, Citibank and Target.
PetSmart has operated at this location since 2002, demonstrating strong store performance and long-term market stability while simultaneously exercising their two remaining five year Option Periods. PetSmart invested $463,000 in 2025 for tenant improvements and replacement of the parking lot. A new veterinary hospital was installed at this PetSmart property expanding its high margin service revenue. This PetSmart store sales increased by 16 percent significantly outperforming the company’s overall growth rate.
PetSmart is the largest specialty pet retailer in North America operating over 1,650 stores across the U.S., Canada and Puerto Rico. Headquartered in Phoenix, Arizona, PetSmart employs over 50,000 people with an annual revenue exceeding $10.8 Billion.