Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2013
Building Area Gross
Land Area Gross ()
Occupancy 100.0 %

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer Vineland Shopping Center (“The Property”), a 94,304 square foot, 100% occupied, grocery anchored shopping center located in Vineland, NJ. The shopping center features ShopRite, the dominant grocer in the county, in addition to a diversified tenant lineup with strong weighted average tenure of over 8 years. ShopRite, which is backed by a Wakefern Food Corporation lease, commenced operation in 2013 and has demonstrated success through strong and above average national sales. Additionally, 75% of the gross income is derived from ShopRite which has 10.8+ years of term remaining. The offering includes three of the five units that are apart of the condominium structure (see page 11 for more information). Situated in a densely packed retail corridor under 2 miles from Route 55 and the Route 56 intersection, Vineland Shopping Center features excellent curb appeal, visibility and access. Currently 100% occupied, the shopping center’s reliable mix of national and regional tenants such as ShopRite, Rite Care, and Great Clips provides a steady cash flow from in-place tenants.

Investment Highlights

DOMINANT GROCERY ANCHOR IN SOUTHERN NEW JERSEY

  • ShopRite is the dominant grocery anchor in Cumberland County. ShopRite at Vineland Shopping Center has a proven track record of operational excellence, above average sales and over 10 years of remaining term.

COMPLEMENTARY MERCHANDISING MIX WITH HIGH TENURE TENANCY

  • 8.2 weighted average tenure
  • 10.1+ weighted average lease term
  • 79% gross income from tenants with 9+ years of tenure
  • 75% gross income from Shoprite

PREMIER LOCATION & ACCESS WITH REGIONAL CONNECTIVITY

  • Vineland Shopping Center is in close proximity to highly trafficked intersections - Route 55 (19,100+ VPD) and Route 56 (18,200+ VPD). Route 55 provides direct access to Philadelphia where traffic counts exceed a total of 37,000 vehicles per day.

DEFINED TRADE AREA

  • According to Placer.ai, which tracks cell phone pings of consumers visiting the Property, 80% of Visitors to the Property are coming from a population of 125,347 with a total trade radius of nearly 133.25 square miles.
Last Updated Date: 22 Aug 2022

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Last Updated Date: 22 Aug 2022

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