Descriptif

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the fee simple interest in the GetGo Café + Market (“GetGo”) located at 1 Beaver Valley Mall Blvd, Monaca, PA 15061 (the "Property" or "Asset"). GetGo currently operates under an absolute NNN lease with ±15.7 years of remaining term. The lease features attractive 5% rent increases every 5 years and includes eight, 5-year renewal options with 2.5% escalations, and zero landlord responsibilities.

GetGo is a national convenience and gas chain with 278 locations across Indiana, Maryland, Ohio, Pennsylvania, and West Virginia. GetGo’s parent, Alimentation Couche-Tard, boasts a robust BBB+ (stable) credit-rating per S&P.

Broker of Record: Mark Popovich

License #: RM424507

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Attributs

Superficie du bâtiment nette

572 mètres carrés

Occupation

100 %

Année de construction

2022

Superficie du terrain brute

1,97 ha

WAULT

15.7 années

Média

Points forts de l'investissement

Strong Parent Company Backing: GetGo operates as a subsidiary of Alimentation Couche-Tard, an investment-grade (BBB+) global convenience and fuel operator with approximately 17,300 locations worldwide.
Long-Term Absolute NNN Lease with Attractive Rent Growth: The Property is secured by an absolute NNN lease with ±15.7 years of remaining term, zero landlord responsibilities, 5% rent escalations every 5 years, and eight 5-year renewal options with 2.5% escalations during each option period.
Top Performing GetGo Location with Strong Traffic Counts: Ranked #1 nationally out of 247 GetGo locations by Placer.ai with approximately 1.2 million annual visits, the Property also benefits from frontage on Frankfort Rd with visibility to more than 22,342 vehicles per day.
Affluent Demographics & Strong Consumer Base: The surrounding area includes more than 63,000 residents within a 5-mile radius, supported by average household incomes exceeding $114K within a 1-mile radius, driving strong daily convenience retail demand.
Strategically Located Within a Major Western Pennsylvania Growth Corridor: Positioned 25 miles northwest of Pittsburgh with immediate access to major regional roadways, Monaca continues to benefit from substantial industrial, infrastructure, and commercial investment activity throughout the market.
Strong Retail & Community Demand Drivers: The Property is located adjacent to Beaver Valley Mall, a 1.15 million SF regional mall with approximately 3.1 million annual visitors, and less than one mile from the $14 billion Shell Polymers Monaca facility, which currently supports approximately 500–600 on-site employees and hundreds of contractors.