Rogue Valley Mall - Sale
1600 N Riverside Ave, Medford, OR, 97501-4652, US
59,860 sm
Asset description
Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant At Home (the “Property” or “Asset”) located at 2520 MacArthur Blvd in Whitehall, PA.
The Property totals 111,165 SF and features a 15-year lease with a corporate guaranty from At Home, a unique home décor concept that offers up to 45,000 home décor items for every household room (the “Tenant”). The lease structure is an absolute NNN lease, offering investors long-term cash flow with no landlord expenses, and features four (4), five-year renewal options and 2% annual rent bumps throughout the primary term & renewal options.
The asset is located within MacArthur Towne Center, which sees over 1.4 million annual visitors (per placer.ai) and is situated with frontage along MacArthur Blvd, with traffic counts of 41,000+ vehicles per day.
The Offering provides investors with the opportunity to acquire over 11 years of passive cash flow from a national retail tenant, with in-place renewal options, in a major shopping center.
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Attributes
Building area net
10,328 sm
Occupancy
100%
Year built
2018
Land area gross
3.93 ha
WAULT
11 years
NOI
¥113,208,000
Media
Investment highlights
- No Landlord Responsibilities
- Located in MacArthur Town Centre (1.4M Annual Visits)
- Adjacent to Top 12% Walmart in the Nation, per Placer.ai
- Across the Street from MacArthur Commons (4.5 Annual Visits)
- 222,000+ Residents Within 5 Miles of the Property
- Situated Along MacArthur Blvd (41,650+ VPD)
Contact brokers
At Home - Whitehall, PA (0 Properties)
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Last updated
Sep 26, 2024
