Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to exclusively offer Pleasantville Shopping Center (the "Property"), a 203,430 square foot grocery-anchored shopping center located in Pleasantville, Atlantic County, NJ. Anchored by Asian Supermarket, which has operated at the center for +23 years with +7.6 years of remaining term, the Property features a highly complementary merchandising mix with retail uses that include F&B, telecommunications, beauty & spa and various additional service-oriented uses with +5.9 years of weighted average lease term remaining and +12.2 years of weighted average tenure. At 89% occupancy, the Property provides investors with a stable, predictable revenue stream alongside the value-add opportunity to lease-up +23,000 SF of vacancy and continuously mark small shop rents to market.

Pleasantville Shopping Center enjoys excellent positioning along Route 40 / Black Horse Pike (+40,000 VPD) in a high barrier-to-entry market in the Egg Harbor / Atlantic City trade area and just 1.5 miles from the interchange of the Atlantic City Expressway (+80,000 VPD) and the Garden State Parkway with a population of +101,000 and average household income of +$118,000 within a 5-mile radius.

Pleasantville Shopping Center is a quintessential, best-in-class neighborhood shopping center ideally positioned in a densely populated submarket with excellent roadway access, visibility and proximity to an abundance of daytime demand drivers.

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