Live Deal Webinar

Bishops Corner CRE Investment Webinar

Wednesday, September 28th @ 7:00PM EDT

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Overview

Bishops Corner is an institutional quality, 258,904 square foot shopping center. 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.

What You'll Learn

  • Firm Introduction
  • Deal Overview
  • Market & Location Analysis
  • Business Plan
  • Deal Room Reveal
  • Q&A

$76m

Purchase Price

3-5 Years

Targeted Hold Period

12-12.75%

Targeted Annual Return

6-6.5%

Targeted Annual Cash Distribution

1.6-1.7x

Targeted Equity Multiple

Why We Invest

  • Anchored by Market-Dominant Grocer
    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

FAQs

FNRP’s Deal Webinars are the tool we use to introduce our deals to our accredited investors. Every webinar has a brief overview of our firm followed by an overview of each direct deal we syndicate and a dedicated live Q&A session.

We currently launch deals every 3-4 weeks. You’ll receive an email, SMS, and maybe a telephone invitation the week leading up to the live event.

The webinars last about 1-hour. 15-20 minutes for the deal presentation and the remainder of the time will be spent taking questions from the panelists.

Absolutely! You’ll be able to type your questions into the Q&A box during the webinar. Enter as many questions as you like and we’ll do our best to answer them during the Q&A session at the end of the webinar.

Sorry about that. We receive literally hundreds of questions during the Q&A session. We recommend submitting your questions in the Deal Room. Click “I Still Have Questions” and text in our question or schedule a call with our Investor Relations team.

Yes. Every webinar features the ability to dial in from your phone.

Yes…and we encourage you to invite anyone that would be part of your investment decision-making process. It’s common for our investors to invite their spouses, friends and family. Many investors invite their financial planners, advisors, and CPAs.

You need a computer, tablet, or smartphone with speakers or headphones.

Yes but you can send questions directly to the presenters and have your questions answered during the Q&A session

We reveal the Deal Room. The Deal Room is a website where you can secure your position in the deal. You’ll also find all of the due diligence information we compiled during our analysis to include a drone video presentation, cost & income models, rent rolls, asset management plans, photos, and much more. 

 

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Bishops Corner CRE Investment Webinar


“…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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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
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Email*
This field is for validation purposes and should be left unchanged.
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