Invest in

Bishops Corner

333 North Main Street & 2523 Albany Avenue, West Hartford, CT 06117

Bishops Corner is an institutional quality, 258,904 square foot shopping center. Bishops Corner is anchored by a 59,364 square-foot Target.

Play Video
1666976400dd

Viewed by 11020 Investors

INVEST

min $50,000

Questions?

Bishops Corner

333 North Main Street & 2523 Albany Avenue
West Hartford, CT 06117

12-12.75%

Targeted
Annual
Return

6-6.5%

Targeted
Annual Cash
Distribution

1.6-1.7x

Targeted
Equity
Multiple

All figures are projected annual returns

Highlights

Bishops Corner is anchored by a 59,364 square-foot Target. Target has been a tenant since 2019, has lease term through January 2029, and maintains five renewal options that will allow them to remain at the site until 2059. Target generates strong sales of almost $23 million dollars, which is over $385 dollars per square foot and has increased each year since they opened. Target is ranked among the 10 largest retailers in the country and is one of the 30 largest companies in the country. Target operates over 1,930 stores across the United States. Target has a market cap of over $73 billion dollars, and we benefit from Target’s strong S&P credit rating of A.

Bishops Corner is the top-ranked strip/convenience center in the state of Connecticut in terms of customer visits according to Placer AI. Marshalls & HomeGoods, which together occupy 37,672 square feet on site through January 2026, is the chain’s top-ranked store in all of Connecticut for visitor traffic according to Placer AI and reports strong sales of over $392 dollars per square foot. Bishops Corner features many other high quality, national tenants including The Paper Store, Mattress Firm, Orange Theory, AT&T, Bank of America, TD Bank, Noodles & Company, GNC, Subway and Massage Envy. The remaining 14,106 square feet of vacant space in the center provides FNRP with the opportunity to increase foot traffic, enhance cash flow, and create meaningful upside.

$76 M

Purchase Price

3-5 Year

Targeted Hold Period

12-12.75%

Targeted Annual Return

6-6.5%

Targeted Annual Cash Distribution

1.6-1.7x

Targeted Equity Multiple

The term “target” or “targeted” refers to a figure the Company aims or believes it can achieve. Actual results may vary.

Why We Invest

  • Anchored by a Market Dominant Target
    Anchored by a 59,364 square-foot Target that has lease term through January 2029, and maintains five renewal options. Target is ranked among the 10 largest retailers in the country and is one of the 30 largest companies in the country.
  • High-Quality National Tenants
    Tenants Include: The Paper Store, Mattress Firm, Orange Theory, AT&T, Bank of America, TD Bank, Noodles & Company, GNC, Subway and Massage Envy
  • Strong Market Demographics
    Located 4 Miles West of downtown Hartford. with Average Household Incomes over $176,000 and 216,000 People in a 5-Mile Radius

Location

[wpgmza id="23"]

Viewed by 11021 Investors

INVEST

min $50,000

Questions?

Bishops Corner

333 North Main Street & 2523 Albany Avenue
West Hartford, CT 06117

12-12.75%

Targeted
Annual
Return

6-6.5%

Targeted
Annual Cash
Distribution

1.6-1.7x

Targeted
Equity
Multiple

The term “target” or “targeted” refers to a figure the Company aims or believes it can achieve. Actual results may vary.
 

Invest in

Bishops Corner

333 North Main Street & 2523 Albany Avenue
West Hartford, CT 06117

“…In my experience in working with FNRP, I have seen a genuine desire to build trust and forge partnerships with all stakeholders through their transparency and integrity…”

Richard H.

Investor

Welcome Investors

Select the best option to get started.

Allocation Request Form

"*" indicates required fields

Please complete this form to reinvest into the FNRP Opportunity Fund. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investment Relations Team.
Your Name*
Email*
Reinvest in Opt Fund*
In order to easily reallocate distributions that you receive, we're providing our partners with the ability to reinvest their distributions from the FNRP Opportunity Fund right back into the FNRP Opportunity Fund! Simply check the box below to select this option or click here for more information.
This field is for validation purposes and should be left unchanged.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
Reinvest in Opt Fund*
In order to easily reallocate distributions that you receive, we're providing our partners with the ability to reinvest their distributions from the FNRP Opportunity Fund right back into the FNRP Opportunity Fund! Simply check the box below to select this option or click here for more information.
This field is for validation purposes and should be left unchanged.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
Reinvest in Opt Fund
In order to easily reallocate distributions that you receive, we're providing our partners with the ability to reinvest their distributions from the FNRP Opportunity Fund right back into the FNRP Opportunity Fund! Simply check the box below to select this option or click here for more information.
This field is for validation purposes and should be left unchanged.

Invest in

Bishops Corner

333 North Main Street & 2523 Albany Avenue
West Hartford, CT 06117

“…In my experience in working with FNRP, I have seen a genuine desire to build trust and forge partnerships with all stakeholders through their transparency and integrity…”

Richard H.

Investor

Welcome Investors

Select the best option to get started.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
This field is for validation purposes and should be left unchanged.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
This field is for validation purposes and should be left unchanged.
commercial real estate deals
Please enter your email address to access Deal Lobby Content.
[class^="wpforms-"]
[class^="wpforms-"]