US - Lubbock, TX
£8,153,000 | 70,479 sf
Jones Lang LaSalle Americas, Inc (“JLL”) is pleased to exclusively offer Dekalb Plaza, a 178,356 square foot, dominant, open air shopping center located in the hyperactive retail corridor in the affluent, Philadelphia MSA suburb East Norriton Township, PA. The 98% occupied Property features an excellent, credit profile and stable, predictable revenue stream with a high performing anchor tenant driving traffic to the Property from the extended trade radius. The Property provides investors a tenant lineup with over 5.2 years of weighted average lease term with over 64% of gross income derived from credit and anchor tenancy that include Big Lots, Crunch Fitness, Chick-fil-A and more.
Dekalb is one of the dominant, center of gravity open air shopping centers in the extended trade area along the 202 Corridor in East Norriton (+13,000 VPD), having seen over 973 thousand visits over the last 12 months.
Dekalb Plaza offers investors secure, long-term income from an essential tenant base where over 64% of the Property’s gross income is derived from credit and national tenancy. The Property is located in an ideal suburban infill location near the highly trafficked intersection of Route 202 and E Germantown Pike in East Norriton. The Property is situated in an irreplaceable location along Route 202 in the Philadelphia MSA with a 5-mile population of 178,667 and average household income of $135,391.