Elmwood Plaza_Propriété à vendre
Elmwood Plaza_Propriété à vendre
176 Newington Rd, West Hartford, CT, 06110-2342, US

Elmwood Plaza

Descriptif

JLL Capital Markets has been retained as exclusive advisor for the sale of Elmwood Plaza (the "Property"), a 79,790 square foot Stop & Shop anchored shopping center located in West Hartford, Connecticut. The small-format Stop & Shop supermarket is a strong performer and has 5 years of remaining lease term with options through 2085. The Property is ideally located in the midst of the densely populated Elmwood neighborhood, less than 3 miles from West Hartford Center. Elmwood Plaza offers investors a rare combination of cash flow stability and near-term upside. The property is 85.9% leased, and has 11,283 square feet of small shop and outparcel vacancy which will allow a new investor to grow cash flow immediately. Elmwood Plaza is properly sized and appropriately merchandised to meet demand from the surrounding market, and offers investors meaningful upside through leasing existing vacancy and creating additional density.


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Attributs

Superficie du bâtiment nette
7 413 mètres carrés
Occupation
86 %
Année de construction
2010
Superficie du terrain brute
6,45 ha

Média

Points forts de l'investissement

  1. 79,790 SF grocery anchored neighborhood center located in affluent West Hartford, CT


  1. Strong performing and well established Stop & Shop Supermarket anchor with term through 2030


  1. Significant upside through leasing existing vacancy (11,283 SF) and an approved future pad site


  1. 75% of the income is generated by investment grade tenants (Stop & Shop and Dollar Tree)


  1. Stop & Shop and Crazy Bruce's Liquors are on ground leases and are responsible for their buildings, limiting landlord capital exposure


  1. High barrier to entry location in the midst of an extremely densely populated and affluent trade area (115,800 people and $113,142 AHHI within a 3-mile radius)
Elmwood Plaza 4_Propriété à vendre

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Elmwood Plaza (0 Propriétés)

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Dernière mise à jour
9 sept. 2025