The Shops at Tower Place_Property for Sale
The Shops at Tower Place_Property for Sale
490 North Broad Street, Philadelphia, PA, 19130, US

The Shops at Tower Place

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer The Shops at Tower Place (“The Property”), a 25,463 square foot, 100% leased, service-oriented strip center located at one of the city’s busiest intersections of Spring Garden Street (+16,000 VPD) and North Broad Street (+31,000 VPD) in Philadelphia, Pennsylvania. The Property provides a best-in-class national tenant lineup that includes CVS, Starbucks, and Citizens Bank with +8.8 years of weighted average lease term remaining and 70% of gross income derived from national / credit tenancy along with a diversified merchandising mix that includes medical, financial services, telecommunications, F&B and more.

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Attributes

Building area net
2,366 m²
Occupancy
100%
Year built
2019
Land area gross
0.26 ha
WAULT
8.8 years

Media

Investment Highlights

  • Excellent Credit / National Tenant Lineup with Diversified Merchandising Mix Servicing the Extended Trade Radius
  • Main and Main Location Within Rapidly Growing Retail Submarket 
  • Established In-Fill Location with Significant Population Density & Excellent Roadway Visibility and Transportation Infrastructure
The Shops at Tower Place 4_Property for Sale
The Shops at Tower Place 4_Property for Sale

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The Shops at Tower Place (0 Properties)

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Last updated
24 Oct 2024