Description

Jones Lang LaSalle Americas, Inc. (JLL) is pleased to exclusively offer the sale of the Midwest & Mid-Atlantic Grocery-Anchored Portfolio (the Portfolio or, collectively, the Properties), a 9-property, 3,027,794 SF, grocery and home improvement anchored retail portfolio with locations throughout the Midwest and Mid-Atlantic United States. The Portfolio consists of high-performing grocery and home-improvement anchored assets, with long tenured service-oriented in-line tenancy with contemporary retail uses that include food & beverage, apparel, discount, financial services and more. The Portfolio’s anchors account for +20% of the Property’s gross income with an exceptional +18.6 years of weighted average tenure and +5.3 years of weighted average lease term across all Properties. The grocery and home improvement anchors across the portfolio include Giant Eagle, Aldi, Kuhn’s and Home Depot. The weighted average lease term remaining among anchor tenancy totals +5.4 years, providing secure and stable future income to prospective investors.

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Attributes

Building area gross

281,291 m²

Occupancy

95%

WAULT

5.3 years

Midwest & Mid-Atlantic Grocery-Anchored Portfolio (9 Properties)

Media

Investment Highlights

Dominant Grocery & Home Improvement Anchors with Exceptional Tenure and Sales Performance
Institutionally Maintained Assets Positioned in Center-of-Gravity Locations Servicing Extended Trade Areas
95% Leased with an Avg. In-Place Base Rent of $10.79 PSF
Excellent Avg. Demographic Profile with +$100,000 Avg. Household Income & +65,000 Population within 3-Miles
5.3 Years of Weighted Avg. Lease Term Remaining & 18.6 Years of Weighted Avg. Tenure