Rogue Valley Mall - Sale
1600 N Riverside Ave, Medford, OR, 97501-4652, US
59,860 m²
Asset Description
JLL Retail Capital Markets is pleased to offer for sale Bristol Plaza, a ±263,829 SF, 93% leased grocery-anchored center located in Bristol, Connecticut. The property is anchored by an established and performing Stop & Shop as well as T.J. Maxx and Burlington. Together, all three anchors account for over 40% of the Property’s gross income. The Property also features several prominent national tenants including Dollar Tree, Five Below, Jersey Mike's, Webster Bank, Starbucks, and new leases from both Snipes and The Paper Store.
In addition to dominant anchor performance and a necessity based small shop lineup, the property presents immediate value-add upside. In the next 18 - 24 months, there will be nearly 50,000 SF of vacancy, the majority of which resides on the eastern portion of the center. That vacancy, coupled with near-term roll from adjacent tenancy, presents a unique repositioning opportunity for a new Investor. The property also sits on multiple tax parcels and contains several unanchored strips, which are opportunities to spin out and reduce basis over time.
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Attributes
Building area gross
24,511 m²
Occupancy
93.1%
WALT
4.1 years
Land area gross
8.98 ha
Media
Investment Highlights
- ±263,829 SF grocery anchored shopping center in Bristol, Connecticut
- 93.1% leased to a diverse mix of dominant national and local tenants
- High performing Stop & Shop at a 2% occupancy cost with over 20 years of tenure and a corporate guaranty
- Strong junior anchor lineup with T.J. Maxx, Burlington, Dollar Tree and Five Below
- Nearly 75% of the gross income is derived from credit tenants
- Immediate value add opportunities through leasing and repositioning the eastern side of the center
- Significant barriers to entry in a five mile trade area that has $12.5 billion of buying power
- Strong leasing momentum in the last 5 years with over 72,000 SF of new leasing activity across 12 suites
- Future exit optionality through unanchored strip spinouts across the Property's 4 tax parcels
Contact brokers
Bristol Plaza - Bristol, CT (0 Properties)
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Last updated
19 Mar 2025
