Interested in selling your Target NNN property or Target ground lease property and was wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market Target NNN property for sale or Target ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Target NNN property or the inclusion of a Target ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Target properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of January 2023, Target has over 2,000 stores in 17 countries and territories. Of these, over 1,500 are located in the United States and Canada.
Revenue and income
In 2022, Target‘s total revenue was $110.5 billion. Net income was $4.3 billion.
Future plans
Target plans to continue expanding its global footprint. In 2023, the company plans to open over 500 new stores worldwide. Target also invests in new technologies, such as advanced online shopping features and sustainable practices.
Corporate vs. franchise
About 90% of Target stores are corporate-owned. The remaining 10% are operated through strategic partnerships. Target’s business model involves direct ownership and management of its stores, allowing for greater control over operations.
Additional information Target Properties
In 1902, Target was founded in Minneapolis, Minnesota.
The company is known for its commitment to inclusivity and sustainable practices.
Target is one of largest retail chains globally, offering various products from clothing to electronics.
Target is actively involved in philanthropy, contributing to various charitable causes.
Target Corporation is a publicly traded company listed on Stock Exchange the New York under the ticker symbol “TGT.”
Target History
Target has a rich history dating back to 1902 when George D. Dayton opened the 1st store, Dayton Dry Goods Company at Minneapolis, Minnesota. Over the years, the company evolved and eventually became known as Target Corporation in 2000. Target is renowned for its commitment to providing customers with a unique shopping experience, combining affordable prices with wide range of quality products. The company expanded nationally, offering not only general merchandise but also a diverse selection of clothing, electronics, and household items. Target’s focus on innovation and customer satisfaction has contributed to its success, making it one of the leading retail chains in the United States.
Why Invest in Ground Lease and NNN Lease of Target
Investing in Target‘s ground lease and triple net (NNN) lease properties offer compelling reasons:
1) Target NNN Property Investment: Stable income
With a well-established brand and a strong market presence, Target provides reliable income streams. Ground and NNN leases offer predictable cash flows over the long term.
2) Target NNN Property Investment: Established tenant
Target‘s success and recognizable brand reduce the risk of vacancy or lease default, ensuring a stable tenant for the property.
3) Target NNN Property Investment: Low management responsibility
In-ground and NNN leases, the tenant manages property maintenance and expenses, minimizing the landlord’s management obligations.
4) Target NNN Property Investment: Favorable lease terms
Long lease terms with built-in rent escalations provide predictable income and potential rental growth.
5) Target NNN Property Investment: Real estate value
Target’s strategic locations in high-traffic areas can increase property value, offering potential capital appreciation.
Pros and Cons of Target Ground Lease and NNN Lease Investment
Pros:
1. Stable income from a well-established brand.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.
Cons:
1. Lease renewal risk when the term expires.
2. Dependency on Target‘s success and operational challenges.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.
Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.