Documents
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