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Premium Retail Destination For Sale

501 Evergreen Way, South Windsor, CT

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For Sale

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Unique retail destination with value-add potential in South Windsor, CT.

Type:RETAIL

Property size:

357,335 SF

Lot size:

238.29 Acres

HighLights

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.
Dominant Tenancy across multiple retail verticals.
Easy Super‑Regional Access at the confluence of major interstates (I‑84, I‑291, I‑384).
Anchored by Best‑in‑Class Shadow Anchors (Costco, Home Depot, Target, etc.) attracting millions of visits.

We can help!

Listing Contact

Nat Heald

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For Sale

Contact for pricing

Unique retail destination with value-add potential in South Windsor, CT.

Type:RETAIL

Property size:

357,335 SF

Lot size:

238.29 Acres

Added:: Aug 26, 2025
Days on Market:: 293
Last Refresh:: May 19 at 10:56 pm

Property Features for 501 Evergreen Way

General Information

Standard status: Active
Size: 357,335 SF
Lot size: 238.29 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Nat Heald

Listing agent Nat Heald

Listing office CBRE | Boston

Listing date Aug 26, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Boston

HighLights

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.
Dominant Tenancy across multiple retail verticals.
Easy Super‑Regional Access at the confluence of major interstates (I‑84, I‑291, I‑384).
Anchored by Best‑in‑Class Shadow Anchors (Costco, Home Depot, Target, etc.) attracting millions of visits.

Overview

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 Cosmetic Store Carter's Clothing & Fashion Store SECURITY OFFICE Shopping Center & Mall Lockwoods Silk Silk Store Nike Well Collective ... Clothing & Fashion Store

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Location Insight

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Local Demand

City: South Windsor
County: Hartford
State: Connecticut
Longitude: -72.5563
Latitude: 41.8132

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For sale
Strip malls
CT
South Windsor
501 Evergreen Way

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.

501 Evergreen Way, South Windsor, CT

Unique retail destination with value-add potential in South Windsor, CT.

Property Features for 501 Evergreen Way

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Industrial Warehouse with Office Space

Industrial Flex Condominium Space

South Windsor Industrial/Commercial Facility

Second-Floor Professional Office Condo

Versatile Commercial/Industrial Property For Sale

Versatile Commercial/Industrial Condo Units

Flex Office and Warehouse Units

South Windsor Office Condo Opportunity

Former Miniature Golf and Batting Cages

South Windsor Office Building

South Windsor Two-Family Home

South Windsor Office Building

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