Bristol Plaza - Bristol, CT

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.