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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

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Building Area

Property Description

JLL Retail Capital Markets is pleased to offer for sale Elmwood Plaza – a ±79,790 square foot Stop & Shop anchored shopping center located in West Hartford, Connecticut. Anchored by a small format Stop & Shop Supermarket with 10-years of remaining lease term, the property is ideally located in the midst of the densely populated Elmwood neighborhood which is home to over 116,000 people within a 3-mile radius.


Elmwood Plaza is properly sized to meet demand from the surrounding market and offers investors meaningful upside through leasing existing vacancy in addition to a developable pad site.

Investment Highlights

  • Stop & Shop anchor lease extends through December 2030
  • Stop & Shop comprises 57% of property’s gross income
  • Significant upside through leasing existing vacancy and building approved pad
  • Property’s co-anchor, Crazy Bruce’s Liquor, pays just $2.33 psf (as of December 2020) – a fraction of market rent
  • Well-established location in the midst of an extremely densely populated trade-area
  • Recent construction (2010) and tenant ground leases significantly reduce Landlord’s capital exposure
Last Updated Date: 05 Oct 2020
Nat Heald
Nat Heald
Managing Director
License details
MA-9088276 NH-067151 CT - 0814736
Dave Monahan
Dave Monahan
Senior Managing Director, Capital Markets

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Last Updated Date: 05 Oct 2020

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