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

Documents

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. 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 1991
Building Area Gross
Land Area Gross ()
Occupancy 95.0 %
Call for Offers 2022-06-08

Property description

Jones Lang LaSalle Americas, Inc (“JLL”) is pleased to exclusively offer Kendig Square, a 186,749 square foot, grocery anchored shopping center located in Willow Street, Pennsylvania. The 95% Occupied Property is anchored by Weis Markets, a dominant grocer in Central Pennsylvania, who has over 30 years of tenure at the Property. Weis accounts for over 24% of the Property’s gross income, alongside a complementary, service-oriented tenant lineup that features PA Wine & Spirits, Dollar Tree, Rite Aid and other modern retail uses that include food and beverage, discount retail, beauty and more.


The Property provides investors a tenant lineup with over 5.5 years of weighted average lease term with over 89% of income derived from credit and national tenancy. In addition, tenants with 20+ years of tenure at the Property account for over 53% of the Property’s income. Kendig Square is a well-positioned grocery anchored shopping center that has a premium roster of long-term inline tenants, with strong national brand recognition.

Investment highlights

STRONG GROCERY ANCHOR WITH DOMINANT REGIONAL PRESENCE

  • 82nd percentile for Weis Markets in the United States
  • Top 25 most visited Weis Markets in the state of Pennsylvania out of 101 locations
  • 551K visits over 12 months

COMPLEMENTARY MERCHANDISING MIX WITH HIGH TENURE TENANCY AND STRONG BRAND RECOGNITION

  • 16 tenants with over 20 years of tenure at Property
  • 15+ years weighted average lease tenure
  • 5.5 years weighted average lease term
  • 93% of gross income from grocery, discount, food & beverage, service-oriented & medical uses
  • 83% of gross income from national tenancy
Last Updated Date: 26 Apr 2022

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Last Updated Date: 26 Apr 2022

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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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