Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer Monroe Marketplace (the "Property"), a 371,652 square foot, dominant grocery-anchored power center located in Selinsgrove, Snyder County, PA. At 99.6% occupied, the Property offers investors a secure revenue stream driven by a strong anchor lineup that includes Giant, Kohl’s, Dick's Sporting Goods, TJ Maxx, Best Buy, Staples, and a best-in- class shadow anchor in Target. Complementing the destination-oriented anchor lineup is a dynamic service-oriented tenant mix which includes concepts such Ulta, Old Navy, Longhorn Steakhouse, Buffalo Wild Wings, and more.

Monroe Marketplace is the dominant Property within the extended trade area, ranking as the #1 most visited shopping center within a 30-mile radius out of 24 locations. The Property boasts an outstanding track record of leasing momentum and tenant retention - since 2021, Ownership has executed new leases or renewals with 60% of the GLA. Additionally, Monroe Marketplace presents a 12-AC future development opportunity along with monetizing separately parceled, free-standing pads at accretive cap rates, allowing an investor to achieve immediate upside.

Monroe Marketplace provides investors a secure, long-term revenue stream with over 97% of gross income derived from national / credit tenancy and +5.0 years of weighted average lease term (WALT). With over 4.8 million visits annually, Monroe Marketplace is the dominant, destination-oriented shopping center servicing consumers from an extended trade radius in every direction, supported by excellent transportation infrastructure and roadway connectivity.

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