Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2003
Building Area Net
Land Area Net ()
Occupancy 90.0 %
Call for Offers 2022-05-05

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer Hartford Corners, a 214,891 square foot, 90% Occupied ShopRite Anchored shopping center located in Delran, Burlington County, New Jersey. The dominant grocer by market share in both Burlington County and the Delaware Valley, ShopRite is currently in process of expanding its current 64,354 SF footprint by 6,250 SF to accommodate online order fulfillment and enhance store operations, underlining its commitment to the Property. The grocer has 6+ years of remaining term with 18+ years of tenure at the Property. The Property includes a synergistic tenant mix including medical, food and beverage, fitness, discount retail and service-oriented uses, creating a true community center with excellent complementary uses. 

Investment highlights

BEST-IN-CLASS, DOMINANT GROCERY ANCHOR IN DELAWARE VALLEY

  • 6.4+ years remaining lease term
  • 18+ years tenure
  • 6,250 SF expansion in 2022
  • 25% of income from grocery anchor
  • 31% market share in Burlington County
  • 34% market share in Delaware Valley

IDEAL SHADOW ANCHOR AND PADS SERVING AS ADDITIONAL TRAFFIC DRIVERS

  • Quintessential shadow anchor in Lowe’s driving the extended consumer trade radius to the property
  • Wells Fargo, Chick-Fil-A & Starbucks are best-in-class pads with excellent roadway visibility along US-130 driving additional traffic to the property

PREMIER LOCATION & ACCESS WITH REGIONAL CONNECTIVITY IN A PREMIUM RETAIL CORRIDOR

  • Significant presence of national retailers along the US-130/Burlington Pike corridor
  • Located along US-130, with 47,000 VPD, offering exceptional visibility and North/South Access to Route 73, Betsy Ross Bridge to Philadelphia
  • Under 4 miles from Interchange for Interstate 295 and New Jersey Turnpike
  • Strong demographics with a population of over 222,000 and average household Income exceeding $100,000 in a 5 mile radius
Last Updated Date: 29 Mar 2022

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PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

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Last Updated Date: 29 Mar 2022

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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