Northpark Village
US - Lubbock, TX
MYR 46,721,000 | 6,548 m²
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer Ephrata Commons (the “Property”), a 54,810 square foot (“SF”), 100%, grocery-anchored shopping center located in Ephrata, Lancaster County, Pennsylvania. The 100%-occupied Property offers best-in-class grocery anchor Redner’s, a leading regional grocery brand operating only 27-minutes from their headquarters, which accounts for 73% of gross revenue, with a health ratio of 3.33%. The grocer has served the community for over 26 years and has nearly 3 years of remaining term alongside a tenant lineup that offers a durable, secure cashflow with 24.6 years of weighted average tenure and 100% occupied by service-oriented and e-commerce resistant tenancy.
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Attributes
Building area Gross
5,092 m²
Occupancy
100.00%
Year built
1986
Land area Gross
2.02 ha (20,234 m²)
Media
Investment Highlights
- Strong Performing Grocery Anchor with Excellent Tenure in a Target Market
- Durable, Secure Cash Flow and Exceptional Tenure
- Excellent Real Estate Fundamentals within an Extremely Tight Retail Market
- Centrally Located with Access to Major Employment Hubs
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Ephrata Commons (0 Properties)
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Last updated
4 May 2023
