Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 2007
Building Area
Land Area ()

Property Description

A 392,875 square feet grocery anchored retail center with dominant retail anchors in ShopRite, Kohl’s and Target (shadow) in addition to approximately 33 acres of approved land for mixed-use development, located adjacent to the property. The property is 74% leased and offers an extremely rare opportunity to acquire a center of gravity retail destination in Millville, NJ, with Southern New Jersey’s dominant grocer attracting customers from an extended trade radius.


Union Lake Crossing is the unequivocal market leader in the Millville and Vineland retail submarket with a national tenant lineup that as a whole offers a weighted average lease term of over +7 years. ShopRite’s 18 years of remaining term and a complementary lineup of essential tenants offers investors an opportunity to acquire a best-in-class, grocery anchored retail shopping center and sustaining long-term income stability and with a proven record of success from a diverse national credit tenant lineup.

Investment Highlights

  • Dominant, market leading grocery anchor in ShopRite
  • Best-in-class, national retail tenant lineup
  • Center of gravity retail center favorably located on highly trafficked retail corridor
  • Value-add opportunity via leasing upside & 33 acres of adjacent, approved land



Chris Munley

Senior Managing Director

T +1 484 532 4207

M +1 609 610 1096

c.munley@am.jll.com


Jim Galbally

Senior Managing Director

T +1 215 988 5551

james.galbally@am.jll.com


Colin Behr

Senior Director

T +1 215 399 1819

M +1 215 896 4253

colin.behr@am.jll.com

Last Updated Date: 02 Nov 2020
Chris Munley
Chris Munley
Senior Managing Director, Capital Markets
License details
NJ-0683560 PA-RS314499
James Galbally
James Galbally
Senior Managing Director, Capital Markets
License details
PA - RS295928

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