Retail

Ephrata Commons

385 N Reading Rd, Ephrata, PA, 17522-1652, US

Ephrata Commons_Property for Sale

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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.

Attributes

Building area gross
54,810 sf
Occupancy
100.00%
Year built
1986
Land area Gross
5.00 acres (217,800 sf)

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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Last updated
Nov 30, 2022