Target Corporation operates as a general merchandise retailer. It offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, produce, and pet supplies; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

The company also provides home furnishings and décor, such as furniture, lighting, kitchenware, small appliances, home décor, bed and bath, home improvement, and automotive products, as well as seasonal merchandise, such as patio furniture and holiday décor; music, movies, books, computer software, sporting goods, and toys, as well as electronics, such as video game hardware and software. In addition, it offers in-store amenities, including Target Café, Target Photo, Target Optical, Starbucks, and other food service offerings. Target Corporation sells products through its stores; and digital channels, including As of September 13, 2017, the company operated 1,816 stores in the United States. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.

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S&P Rating: A

S&P Outlook: S

Moody Rating: A2

Moody Outlook: Stable

Typical Lease Characteristics

Lease Term: 10 – 20 Years  Years

Lease Type: Absolute NNN Lease 

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate


  • Public Company, Credit Rated
  • NNN lease eliminates landlord responsibilities
  • Typically Long term leases with increases


  • Competitive Industry Sector
  • Susceptible to economic trends and pressures
  • Large spaces make it more challenging to re-tenant

Market Snapshots:

On Market Ranges:

# of Properties in set: 4

Price: $4,173,150 - $5,143,650Average: $4,852,500

PPSF: $100 - $130Average: $118

Year Built: 2002 - 2017Average: 2008

CAP Rate Range: N/AV - N/AVAverage: N/AV

Size range: 33,049 sq ft - 126,839 sq ft Average: 103,044 sq ft

Last 12 Month Range:

# of Properties in set: 7

Price: $10,237,220 - $13,649,620Average: $12,187,162

PPSF: $307 - $399Average: $353

Year Built: 1993 - 2017Average: 2004

CAP Rate Range: 5.05% - 6.10%Average: 5.81%

Size range: 6,180 sq ft - 120,888 sq ft Average: 76,479 sq ft

Target Similar Tenants

Target Company Profile

Headquarters Information

Minneapolis, Minnesota

Founded in 1902

Company type: Public

Stock Ticker: TGT

Sector: Services

Industry: Discount, Variety Stores

# of Employees: 341,000

S&P Rating: A

S&P Outlook: S

S&P Rating: A2

Moody Outlook: Stable

Target Stock Keys

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