501 Evergreen Way South Windsor, CT 06074
Unique retail destination with value-add potential in South Windsor, CT.
Property size:
357,335 SFLot size:
238.29 AcresProperty Features for 501 Evergreen Way
General Information
- Size
- 357,335 SF
- Lot size
- 238.29 Acres
Source:
Moodyscre
Listing Agent: Nat Heald
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Premium Retail Destination For Sale
This premium retail destination, located in South Windsor, Connecticut, offers a differentiated shopping experience. Anchored by dominant tenants across multiple retail verticals, it drives daily needs, special event repeat shopping, and dining visits throughout the year. The property has significant value-add potential, with an occupancy rate of 88.75% and upwards of 40,000 square feet of leasing upside. Additionally, 30% of the current rent roll is comprised of significantly below-market rents. The property has a compelling CAGR of more than 9.8% over 5 years. It is located at the confluence of Interstate-84 (175,000 VPD), Interstate-291 (45,000 VPD), and Interstate-384 (60,000 VPD) just east of Hartford. This location draws shoppers from a super-regional trade area that includes both the density and affluence of central Connecticut. The property is the #1 most visited lifestyle center in CT with total shopper visit count up 40% over past two years. Best-in-Class Shadow Anchors attract millions of shopper visits to the immediate area each year, including Costco, Home Depot, Lowe’s, Target, BJ’s Wholesale, Trader Joe’s, and Total Wine. The property encompasses 357,335 square feet.
Location Intelligence
Current Use by Public Records
Pure Scents
Perfume Store
Carter's
Shoe Store
SECURITY OFFICE
Shopping Mall
Lockwoods Silk
Silk Store
Nike Well Collective ...
Shoe Store
Location Insight
- Map
- Local Demand
- City
- South Windsor
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.5563191
- Latitude
- 41.8131834
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - Unique retail destination with value-add potential in South Windsor, CT.
Where is this strip mall located?
The property is located at 501 Evergreen Way South Windsor, CT.
What are key features of this property?
This property features: - Unique-to-Market, Premium Retail Destination offering a differentiated shopping experience.; - Significant Value-Add Potential with 40,000 SF of leasing upside and 30% of rents below market.; - Compelling CAGR of more than 9.8% over 5 years.