Hunt River Commons _판매용 부동산
Hunt River Commons _판매용 부동산
20 Frenchtown Rd, North Kingstown, RI, 02852-1758, US

Hunt River Commons

자산 설명

JLL Capital Markets has been retained as exclusive advisor for the sale of Hunt River Commons, a +/- 149,321 SF, 95% leased, grocery anchored shopping center in North Kingstown, RI. Hunt River Commons is anchored by Stop & Shop, the #1 Grocer in Rhode Island, which boasts a 35-year operating history at the Property, a 2.8% occupancy cost and accounts for 41% of the Property’s gross income. Stop & Shop recently committed to an early extension at the Property until 2031 and invested $1.5M into a remodel of their store in 2022. Other prominent tenants at the Property include Marshalls, a high performing Citizens Bank pad with $353 million in deposits, and a recently expanded Planet Fitness.


Essential to the Property’s longevity is its prime location adjacent to Route 1 (26,300 VPD) and proximity to Interstate 95 and Route 4 (78,000 VPD). The nearby Quonset Development Corporation, Quonset State Airport and headquarters for Ocean State Job Lot present a unique reverse commute opportunity for affluent East Greenwich shoppers. The Property has seen exceptional recent leasing momentum with over 77,500 SF of renewals and almost 18,000 SF of new leasing activity. Hunt River Commons offers investors a best-in-class supermarket anchored shopping center with a strong credit profile and the potential opportunity to push rents over time and create future value through the lease up of the remaining vacancy.

...

개요

건물 면적 순
13,872 제곱미터
점유율
95%
건축년도
1989
토지 총면적
9.84 헥타르

미디어

투자 하이라이트

Dominant Grocery Anchor

  • Strong Sales 
  • Recent Long Term Extension through 2031
  • 35 Year Operating History 


Significant Recent Leasing Momentum 

  • 17,963 SF of new leases 
  • 77,506SF of lease renewals - Stop & Shop and Planet Fitness 


Future Upside Potential

  • 8,000 SF of vacancy across two suites
  • 50% below market rents


Affluent Demographics within five miles

  • 66,822 population
  • $137,632 Avg HHI 


Limited Near-Term Capital Requirements 

  • Septic upgrade in 2021
Hunt River Commons  4_판매용 부동산
Hunt River Commons  4_판매용 부동산

담당자에게 연락하기

Hunt River Commons (0 부동산)
질문이 있으신가요? FAQ 페이지를 방문해보세요
FAQ 페이지 보기Arrow Right
JLL은 포트폴리오를 금융화하고 관리하는 데 도움을 줄 수 있습니다. 오늘 이메일을 보내어 어떻게 당신의 야망을 달성할 수 있을지 알아보세요.
마지막 업데이트
2024년 4월 12일