US - Lubbock, TX
A$15,425,000 | 6,548 m²
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer Christina Crossing, a 119,446 square foot, 97% leased, ShopRite-anchored shopping center located in Wilmington, New Castle County, Delaware. The dominant grocery anchor in the Delaware Valley, Shoprite has +5.8 years of remaining term with over 16 years of tenure at the Property accounting for +67% of the Property’s gross income, ranking as the 2nd most visited grocer in the immediate submarket (5-mile radius) and 6th most visited grocer in the state of Delaware. The Property includes a synergistic tenant mix with a diversified revenue stream alongside Shoprite, with contemporary retail uses that include service-oriented uses, food & beverage, necessity retail and more.
Christina Crossing provides investors a secure, long-term income from an essential tenant base, anchored by ShopRite with 73% of the Property’s gross income derived from national tenancy, alongside a significant value-add opportunities via the development of a pad in the parking field with excellent roadway visibility and the mark-to-market of in-line rents. The Property is situated in a densely populated, in-fill market within the Wilmington CBD with proximity to significant economic demand drivers and high barriers to entry, with a population of +108,949 and an average HHI of +73,659 within a 3-mile radius from the Property.