The Shoppes at Wissinoming

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire condominium ownership in Shoppes at Wissinoming, a 97,982 square foot, 98% leased, ShopRite anchored shopping center located in Philadelphia, PA. ShopRite, the dominant grocer in the county, accounts for +57% of the Property’s gross income with +7.4 years of tenure and has +17.7 years of term remaining.

Developed in 2018 to service a burgeoning community, the Property serves as a true destination-oriented neighborhood center servicing the community in which it is located with a highly complementary, contemporary merchandising mix with retail uses that include grocery, food & beverage, medical, telecommunications and other service-oriented uses. In August 2024, Blink Fitness filed for bankruptcy resulting in current ownership's decision to condo the former fitness 15,000 SF pad and offer condominium interest in the remaining collateral while working to backfill the pad with a car wash operator. The Property provides investors a stable income stream with a weighted average lease term of +14.5 years and a weighted average tenure of +7.0 years with +74% of income derived from tenants with national tenancy and 100% of income from tenants from original construction.