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Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer qualified investors the opportunity to purchase a freestanding, Giant grocery store (the “Property”) located on S. Columbus Boulevard – one of the most sought-after retail corridors in the city of the Philadelphia. Giant will be operating in a brand new building, which is slated to be completed in November 2021. The asset will feature a long term, 20-year lease with rental increases of approximately 10% every five years, commencing year eleven. The offering also includes a rare, investment grade, corporate guaranty from Koninklijke Ahold Delhaize N. V. (BBB; S&P).
- Long term commitment from a market leading grocer with an investment grade, corporate guaranty
- Giant and Ahold Delhaize are committed to capturing Philadelphia's expanding consumer base
- The property is positioned within the path of growth of Philadelphia's riverfront revitalization