Investment Overview

The Tenant is constructing an approximately 6,800-square-foot store on a 0.69-acre parcel with attractive frontage along South Broad Street. This section of South Broad Street has traffic counts of 20,000 VPD with an easy “suicide lane” in egress. The property is an outparcel to a 3-acre ALDI anchored shopping center with Chase Bank. The retailers combine for over 197,000 customer visits per year, per Placer.ai. This segment of the retail corridor features esteemed retail brands, Burger King, Walgreens and McDonalds. Independence Plaza, which is anchored by Sav-A-Lot and Regal, is about ¾ miles away and features Subway, Rita’s Italian Ice, Wendy’s, Dollar Tree, and a Habitat for Humanity ReStore. The Hamilton Circle bounds the other end of the retail submarket, with an Advance Auto that opened in 2009 and a newly opened Wawa. It is notable that these retail brands (Advance Auto and Wawa) pay significantly higher rental rates to secure sites only yards away. Also located in the circle is a Taco Bell constructed in 2009.