叫價 查詢售價
面積
淨營運收入 淨營運收入 不適用
投資回報率 不適用

文件

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我接受保密協議 我接受保密協議
歡迎建立您的 Investor Centre 帳戶,儲存您的搜尋結果及設定投資偏好,儲存及分享投資機遇,查閱獨家文件及更多。如有疑問,請查閱<a href="#">「常見問題」。</a> 您必須先簽署保密協議才可查閱上載於交易室內的專用文件。一經簽署保密協議,表示您同意及確認不會洩露及公開有關本物業的敏感資料。如有疑問,請查閱「常見問題」。

特點

落成年份 1975
建築面積 總收入
入住 86.0 %
要約邀請 2022-05-11

物業簡介

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire Park Hills Plaza, a 238,829 square foot, dominant open air grocery-anchored shopping center located in the primary retail corridor of Altoona, Pennsylvania. Park Hills Plaza is one of the dominant open-air shopping centers in the Altoona submarket, with more than 2.5 million visits over the last 12 months. The 86% occupied Property features a robust national tenant lineup anchored by Weis Markets alongside a strong roster of national tenants including Burlington, Harbor Freight Tools, Dunham Sports and more. The Property provides long-term value creation opportunity via mark-to-market rents, along with immediate value-add opportunity via the lease-up of +33,680 SF of vacancy, translating to a +9.0% CAGR in the first three years of an investor’s hold.

投資亮點

DOMINANT GROCER WITH 40+ YEARS OF TENURE, LOW RENTS AND STRONG LEASING ACTIVITY

  • Over 2.5 Million visitors to the center annually
  • Weis Markets is the largest grocery store within 2 miles
  • 14% of the Property’s income is derived from Weis Markets
  • $9.45M sales in 2021

ESTABLISHED RETAIL LOCATION WITH EXCELLENT TENANT RETENTION / TENANT LONGEVITY

  • Weis Markets, Altoona Professional Hearing Aid, Wise Eyes Optical, Dunham’s Sporting Goods and Goodwill have been at this location for over 25 years
  • 36% of the tenants have been at the Property for 25+ years, demonstrating commitment to the location
  • The Weighted Average Tenure at the location is 20+ years

EXCELLENT CREDIT PROFILE & STABLE, PREDICTABLE REVENUE STREAM WITH VALUE ADD OPPORTUNITY VIA LEASE-UP OF +33,680 SF OF VACANCY

  • 87% of gross income credit and national tenants
  • +9.0% CAGR and 28% NOI growth via lease-up of +33,000 SF of vacancy
  • 4 new leases (+64,000 SF) signed since 2018 underlying excellent leasing momentum
  • $7,82 PSF below market rents and limited capex provide additional upside

WELL POSITIONED GROCERY ANCHORED SHOPPING CENTER WITH EXCELLENT CONNECTIVITY SERVICING A WIDE TRADE AREA

  • 2.5M+ visits in the past 12 months
  • 60%+ of visitors over the L12 months have visited the property 7+ times, underlying consumer loyalty
  • Average consumer spends 57 minutes at the property, underlying cross-shopping tendencies among complementary tenant lineup
  • 55% of visitors have travelled 10+ miles to the property over the L12 months, underlying the property's extended trade radius
  • 15 minute drive time to Penn State Altoona (+4,100 students)
Last Updated Date: 05 Apr 2022

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私隱通知

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一般而言,我們向你收集的個人資料僅用於處理你的查詢。

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Last Updated Date: 05 Apr 2022

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