|Last Updated Date||27 Apr 2020|
The Property is highlighted by the Aldi grocery anchor and three other credit anchor tenants in Ollie’s Bargain Outlet, Tractor Supply and Dollar Tree. These four credit anchor tenants total 61% of the gross income and combine for a weighted average tenure of six-years. The remaining inline space totals 26,484 square feet and is dominated by a number of service-oriented uses including a cleaner, restaurant, nail salon and spa. There is one outparcel occupied by Fresenius Kidney Care, taking up the remaining 4,714 square feet at the center. Fresenius signed its lease in 2018 for a ten-year term. Potential upside exists through two undeveloped outparcels along Cornwell Drive, which provides high visibility for a future tenant.
Jones Lang LaSalle (JLL) is pleased to exclusively offer Upper Deerfield Plaza (the “Property), a 115,300 square foot, 96% occupied grocery anchored retail center located in Bridgeton, Cumberland County, NJ.