Target

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Target

90 Elm Street Enfield CT Hartford County

Sales Price: $10,225,000

Cap Rate: 5.00%

Contact Person(s): Daniel Kukes
Max Lippitt
Kevin Baker
Jason Greenspan

Description:

NECESSITY BASED RETAIL

Target has implemented its omnichannel transformation, including major remodels of all their stores with expanded fresh grocery pickup and elevated same-day services to provide an even easier and convenient experience for its guests. In 2019, Target reported sales for Drive Up curbside service surpassed 500%, while Order Pickup saw sales growth of almost 50%.

LONG TERM OPERATING HISTORY

Target has been an anchor at Enfield Square for nearly 19 years (2001 opening). Target has continued to reinvest at the Enfield, CT store, including a major remodel adding grocery and CVS Pharmacy.

ONLY TARGET FOR 10+ MILES

The subject property is the only Target store within a 10+ mile radius. The easily accessible I-91 Hwy (88,000 CPD) provides for a regional draw which delivers Target with an expanded trade area compared to similar locations int he northeast.

Building Size: 126,500 SF

Lot Size: 7.54 AC

Tenant Roster: Target

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 6,562 37,380 83,363
Avg. HH Income: $74,776 $93,959 $112,368
Daytime Population: 6,385 17,258 36,904

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.