|Building Area Net||
|Call for Offers||2022-05-03|
Jones Lang LaSalle Americas, Inc (“JLL”) is pleased to exclusively offer Airport Square, a 298,719 square foot, dominant, open air shopping center located in the hyperactive retail corridor in the affluent, Philadelphia MSA suburb Montgomeryville, PA. The 98% occupied Property features an excellent, credit profile and stable, predictable revenue stream with high performing anchor tenants driving traffic to the Property from the extended trade radius. The Property provides investors a tenant lineup with over 4.9 years of weighted average lease term with over 92% of gross income derived from credit and national tenancy that includes Best Buy, TJ Maxx, HomeSense, HomeGoods, Michaels, Marshalls, Chipotle, Shake Shack and more.
Airport Square is one of the dominant, center of gravity open air shopping centers in the extended trade area along the 309 Corridor in Montgomeryville (+30,159 VPD), ranking as the #1 most visited non-grocery anchored Property within a 5-mile radius with over 3.6 million visits over the last 12 months. The Property has enjoyed significant leasing momentum since 2018 with over +104,552 SF of new leases signed and +109,207 SF of renewals executed, accounting for 72% of the Property’s GLA in total.
Best - In - Class National Credit Tenant Lineup
- Excellent Credit Profile & Stable, Predictable Revenue Stream with Significant Leasing Momentum
Outstanding Leasing Momentum and Tenant Retention
- New Leases or Renewals with Over 72% of GLA Since 2018
Established, Infill Market with Institutional Quality Demographic Profile and Extended Consumer Reach
- In a Market with a 3-Mile Population of 67,804, Airport Square’s Trade Area Reaches a Population of 729,975
Premier Location within Hyperactive Regional Retail Epicenter
- Airport Square is a Center of Gravity Retail Destination along the 309 Corridor, A Go-To Retail Destinations in the Philadelphia MSA for National Retailers