Kohl's Corporation (KSS) has a significant real estate portfolio, with approximately 55% of its store locations owned outright. This includes properties that are either fully owned or ground-leased, totaling about 400 properties out of approximately 1,162 stores as of early 2023 6 8
.Real Estate Value and Percentage The estimated value of Kohl's owned real estate is believed to be between $5 billion and $8 billion. A conservative estimate suggests it could be around $4 to $5 billion 2 5 6
. Given Kohl's total assets reported at about $14.1 billion, the owned real estate represents approximately 35% to 57% of the company's total asset value, depending on the valuation used for the real estate 4 6
.Summary

• Total Owned Real Estate: Approximately 400 properties (55% of store locations).
• Estimated Value: $4 to $8 billion.
• Percentage of Total Assets: 35% to 57%.

This substantial real estate portfolio positions Kohl's as an attractive target for potential acquisitions and financial maneuvers, such as sale-leaseback transactions, which have been discussed in various contexts recently 3 5
.

Target Corporation (TGT) owns a substantial amount of real estate, including both stores and distribution centers. Here’s a detailed breakdown of their company-owned real estate compared to leased properties: Company-Owned vs. Leased Real Estate

• Total Owned Stores: 1,532
• Total Leased Stores: 264
• Stores on Leased Land: 160

Square Footage

• Average Store Size: Approximately 126,000 square feet.
• Total Owned Store Square Footage:
  1,532 stores×126,000 sq ft store=192,792,000 sq ft1,532 stores×126,000 sq ft store=192,792,000 sq ft
  
• Total Leased Store Square Footage:
  264 stores×126,000 sq ft store=33,264,000 sq ft264 stores×126,000 sq ft store=33,264,000 sq ft
  

Total Owned Real Estate Value The estimated value of Target's owned real estate is significant. The total worth of the owned properties is generally assessed based on market conditions and typical cap rates for retail properties. While specific valuation figures can vary, estimates suggest that Target's owned real estate could be worth around $5 billion to $8 billion, depending on the valuation metrics used. Summary

• Total Owned Real Estate (sq ft): Approximately 192.8 million sq ft.
• Total Leased Real Estate (sq ft): Approximately 33.3 million sq ft.
• Estimated Value of Owned Real Estate: Between $5 billion and $8 billion.

This extensive portfolio underscores Target's strategic investment in real estate as a core component of its business model.

Target Corporation (TGT) has a significant portion of its real estate portfolio dedicated to distribution centers. Here are the details regarding their company-owned distribution centers: Distribution Center Ownership and Statistics

• Total Distribution Centers: 58
• Company-Owned Distribution Centers: 38 (approximately 65% of total distribution centers)

Square Footage

• Total Square Footage of Distribution Centers: Approximately 59.2 million square feet across all centers.
• Average Size of Company-Owned Distribution Centers: Assuming an average size of around 1.56 million square feet per center, the total owned square footage would be:
  38 centers×1,560,000 sq ft center˜59,280,000 sq ft38 centers×1,560,000 sq ft center˜59,280,000 sq ft
  

Market Value The approximate market value of Target's distribution centers can vary based on location and market conditions. However, estimates suggest that the value of these owned distribution centers could range between $4 billion and $6 billion, based on typical commercial property valuations. Summary

• Portion of Owned Real Estate: 38 out of 58 distribution centers (65%).
• Total Square Footage of Owned Distribution Centers: Approximately 59.2 million sq ft.
• Estimated Market Value: Between $4 billion and $6 billion.

This robust distribution network is a critical component of Target's supply chain strategy, enabling efficient logistics and inventory management across its retail operations.