Asking Price Contact for pricing
Sq. Footage 179,879
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2005

Property Description

The Property’s tenant roster features three national, credit tenants in T.J. Maxx, Michael’s and Dollar Tree, plus a shadow anchor in Lowe’s. These three tenants total 42% of the Property’s GLA and have a weighted average remaining lease term of 7.3 years. The center as a whole has a weighted average lease term of over 5 years. With a premier shadow anchor in Lowe’s, recent leasing momentum through executions with Michael’s, Dollar Tree, and long term credit anchor tenants, and a tenant roster featuring three credit anchor tenants with over 7 years of remaining lease term, The Commons provides an ideal blend of long term stable cash flow and substantial income growth potential. The Property also offers upside opportunity through +28,000 square feet of in-line vacancy and a vacant box with a probable backfill tenant, translating to a CAGR of +8% and attractive cash yields.

Investment Highlights

Jones Lang LaSalle (“JLL”) is pleased to exclusively offer The Commons (the “Property”), a 203,309 square foot retail center located in DuBois, Pennsylvania.

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.