Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

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Attributes

Building Area
Land Area ()

Property Description

Jones Lang LaSalle Americas, Inc (JLL) is pleased to exclusively offer the sale of the Greater Philadelphia Grocery-Anchored Portfolio (the portfolio or collectively, the properties), a six property, 741,902 SF, grocery and home improvement-anchored retail portfolio with locations in the greater Philadelphia metro area.


The nature of the portfolio consists of high performing grocery-anchored centers, with long tenured e-commerce resistant and service oriented inline tenants. The portfolio has a 90% average occupancy and an exceptional weighted average tenure of +15 years throughout all properties. The grocery and home improvement lineup consists of Giant, Aldi, George’s Marketplace (local operator) and Lowe’s. The WALT between the anchor tenants totals +13 years, providing secure and stable future income to potential investors.


The properties are located all within institutional quality demographic areas, strategically engrained within dense, infill residential communities.

Investment Highlights

  • Six properties totaling 802,918 SF – (741,902 SF owned)
  • 90% leased (average)
  • 15+ years – weighted average tenure
  • 13+ years – WALT remaining for anchor tenants
  • 2.7% health ratio – average between reporting grocery anchors
  • 20+ years of average ownership from sellers
  • Institutionally managed and leased


Chris Munley

Senior Managing Director

T +1 484 532 4207

M +1 609 610 1096

c.munley@am.jll.com


Jim Galbally

Senior Managing Director

T +1 215 988 5551

james.galbally@am.jll.com


Colin Behr

Senior Director

T +1 215 399 1819

M +1 215 896 4253

colin.behr@am.jll.com

Last Updated Date: 10 Nov 2020
Chris Munley
Chris Munley
Senior Managing Director, Capital Markets
License details
NJ-0683560 PA-RS314499
James Galbally
James Galbally
Senior Managing Director, Capital Markets
License details
PA - RS295928

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Last Updated Date: 10 Nov 2020

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