Rural King benefits from the strong retailers in the Beaver Valley Mall and those that surround the Property. The Beaver Valley Mall features anchor tenants such as Boscov’s, Dick’s Sporting Goods, Planet Fitness and JCPenney. In addition, other surrounding national retailers such as Burger King, Arby’s, Wendy’s, ALDI, Target, Marshalls, Ross Dress for Less, Panera and Books-A-Million are able to attract customers from an expansive trade area. With nearly 75 stores, coupled with its immediate access to Route 18, the Property is able to benefit from more than 69,000 residents within a 5-mile radius who earn average household incomes of over $72,000.
JLL is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant, net leased property leased to Rural King (the “Property”) in Monaca, PA. Rural King executed a ten (10) year deal in 2017, along with eight (8), five (5) year options. All options have roughly ten percent (10%) increases in the beginning of each period. Rural King is currently paying an attractive low rent per square foot, creating long term upside on future rents. The Property is situated along Pennsylvania Route 18, making it easily accessible and a retail destination to the growing working population of Monaca.
Managing Director, Capital Markets
PA - AB068236 DE - RS-0019936 NJ - 0894218