IN-FILL LOCATION WITHIN AFFLUENT, DENSELY POPULATED SUBURB WITHIN PHILADELPHIA MSA
10,199 SF of Remaining Vacancy Provides Opportunity to Achieve +7.1% CAGR / +27% NOI Growth.36% of Property's Gross Income Derived from Grocery & Necessity Tenancy.59% of Property's Gross income Derived from Credit & National Tenancy.Dominant Grocer in Bucks County with 39% Market ShareĬOMPLEMENTARY TENANT LINEUP WITH NEAR TERM, VALUE-ADD OPPORTUNITY VIA LEASE-UP OF REMAINING VACANCY.4,117 SF Expansion in Conjunction with 10-Year Extension.23% of Property's Gross Income Attributable to Giant.Investment highlightsĭOMINANT GROCERY ANCHOR WITH RECENT 10-YEAR EXTENSION AND EXPANSION UNDERLINING COMMITMENT TO LOCATION The Property is located in an ideal suburban infill location within the Philadelphia MSA along the highly trafficked Route 202 with a population of +99,285 and average household income of $137,000+ Town Center of New Britain offers investors secure, long-term income from an essential tenant base and dominant grocery anchor. The Property provides investors a tenant lineup with +6.8 years of weighted average lease term with over 58% of the Property’s gross income derived from credit and national tenancy. Town Center of New Britain is a well-positioned grocery-anchored Property with a excellent weighted average tenure of +15.3 years and a highly fungible, complementary tenant lineup with contemporary retail uses that include food & beverage, discount, auto repair, telecommunications and several other service-oriented uses.
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is built on a brand-new database engine, and Windows XP Media Center Edition. With nearly 20 years of tenure at the Property, Giant’s 10-year extension and expansion underlines its commitment to the Property in the affluent, in-fill Philadelphia suburb of New Britain. Jon Ha/pin zooo North America 7,600 Europe 1,505 Asia-Pacific 5,825 Total. The 91% occupied Property is anchored by Giant, the dominant grocer in Bucks PA, which recently executed a 10-year extension in conjunction with a 4,117 SF expansion into an adjacent vacancy. (“JLL”) is pleased to exclusively offer Town Center of New Britain (the “Property”), a 124,262 square foot, grocery anchored shopping center located in New Britain, Bucks County, Pennsylvania.
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