Windsor Court

1095 Kennedy Rd., Windsor, CT 06095

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Windsor Court is a 97% occupied, 78,500 SF, institutional-quality grocery-anchored shopping center located in Windsor, CT. The center is anchored by a high-volume Stop & Shop (Ahold Delhaize), benefits from strong competitive positioning and is situated within an affluent demographic. This investment is 1031-exchange eligible and offers investors the potential for cash flow plus upside at exit.

Overview Video

Due Diligence Documents

Viewed by 6891 Investors

Request Investment Docs

$50,000 minimum

Financial Targets

$19M

Purchase Price

4 Year

Targeted Hold Period

12.0-12.5%

Targeted IRR1

1.5-1.8x

Targeted Equity Multiple2

5.7-6.2%

Stabilized Cash-on-Cash Return3

“Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized. Securities are only available to verified accredited investors who can bear the loss of their investment. Please contact FNRP for an explanation of how such numbers are calculated. Cash distributions are not guaranteed.

Why We're Investing

  • Strong-Performing Grocer Anchor
    • Stop & Shop has sales of $34M/$536 SF
    • 5 years of term with five 5-year options
    • Tenant since 1993
    • Stop & Shop recently invested $4 million dollars into their store, which includes a new micro-fulfillment center and other interior and exterior improvements
    • Stop & Shop comprises 76% of annual base rent and is responsible for replacement of its roof
  • Ideal Market Demographics
    • 10 miles north of Downtown Hartford, the capital of Connecticut
    • Highly affluent demographic
    • Population Density (5 mile radius) – 53,874 People
    • Average Household Income (5 mile radius) – over $100,000
    • Average Household Income (1 mile radius) – over $110,000
    • Traffic counts of over 127k VPD
    • Located directly off I-91
  • Sources of Value Creation
    • Potential to lease 2,400 SF of vacancy and generate an additional $95,000 of additional revenue
    • Renew five of seven currently occupied small shop spaces at lease expiration. Any tenant spaces that are vacated are expected to be re-leased above expiring rent during the hold period.
    • Explore longer-term Stop & Shop lease renewal as well as any outparcel opportunities.
  • Strong Competitive Positioning
    • The Stop & Shop at Windsor Court is a top performer within its chain in the trade area
    • Windsor Court is shadow-anchored by Target and HomeGoods, which solidifies the shopping center as a regional retail destination
  • 1031 Exchange Eligible
    Windsor Court is eligible as a 1031 Replacement Property. Please contact Investor Relations immediately if you’re interested in identifying this property in a 1031 Exchange.

Property Photos

Map

FNRP Track Record

$2B+

Assets Under Management

60+

Current Assets
Held

$100M+

Total Investor Distributions
Since Inception

23

Current States
Present

2600+

Investors

12M+ SF

GLA Acquired Since
Inception

All amounts are as of 8/28/2023.

Viewed by 6892 Investors

Request Investment Docs

$50,000 minimum

  1. Targeted Net IRR (Net IRR): is defined as the annualized, compound rate of return using equity contributions and distributions as they occurred on specific dates during the investment period. Net IRR is reflective of all fees charged and paid to First National Realty Partners, LLC and its affiliates and subsidiaries. “Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized. Securities are only available to verified accredited investors who can bear the loss of their investment. Please contact FNRP for an explanation of how such numbers are calculated.
  2. Equity Multiple (Net EM): the total distributions and remittances to equity investors divided by the total equity contributions from investors during the investment period. Net EM is reflective of all fees charged and paid to First National Realty Partners, LLC and its affiliates and subsidiaries.
  3. Targeted Stabilized Cash-on-Cash: Targeted annual cash flow return on invested equity once business plan is achieved. Please consult annual cash flows (Net-Net to the Partner) in the Financial Model. Cash distributions are not guaranteed. “Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized.

An investment in commercial real estate is subject to risk, including the risk that all of your investment may be lost. Any representations concerning investing in commercial real estate; to include representations as to stability , diversification, security, resistance to inflation and any other representations as to the merits of investing in commercial real estate reflect our belief concerning the representations and may or may not come to be realized.

Invest in

Windsor Court

1095 Kennedy Rd.
Windsor, CT 06095

“…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

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