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Sq. Footage
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2015

Property Description

Monroe Marketplace is anchored by GIANT Food Stores (S&P BBB Credit Rating), a subsidiary of Netherlands-based Koninklijke Ahold N.V. GIANT is a prominent grocer throughout Pennsylvania, Virginia, Maryland, and West Virginia with 300+ locations. Giant is one of Central Pennsylvania’s leading grocers, maintaining a market share of over 20% in Snyder County, PA

Investment Highlights

JLL is pleased to exclusively offer Monroe Marketplace (the “Property”), a 372,794 square-foot market-leading, grocery-anchored power center located in the Central Pennsylvania community of Selinsgrove, PA. Monroe Marketplace is anchored by a premier lineup of national retailers, including GIANT Food Stores, T.J. Maxx, Dick’s Sporting Goods, Kohl’s, Ross, Old Navy, Petsmart, Ulta and features a best-in-class shadow anchor, Target. Over 20% of the gross income is attributed to Giant, while approximately 78% of the total gross income is generated by investment grade credit tenants, with an average remaining lease term of 6.8 years.
Chris Munley
Chris Munley
Managing Director

JLL  financing

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