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Shopping Regional

Hopewell Shopping Center

2284 Brodhead Rd, Aliquippa, PA 15001, Aliquippa, PA 15001

Listing Price: $9,138,000

Cap Rate
7.00%
Gross SF
144,095
Rentable SF
144,095
Price/Gross SF
$63.42
Lot Size
22.72 acres
Year Built
1965

Investment Overview

144,095-SF Grocery-Anchored Shopping Center on a +/-22.72-Acre Site
Anchored by Kuhn's Market (31,690 SF, ~22% of GLA) Under a Long-Term Lease Through 2044 With Built-In Rent Increases
Diverse Mix of 24 National, Regional and Local Tenants Including H&R Block, Sherwin-Williams, Anytime Fitness and State Farm
Majority NNN Leases With Taxes, Insurance and CAM Reimbursed by Tenants
Attractive Basis at $62.46/SF and a 7.03% Cap Rate on In-Place Income
Significant Upside Through Lease-Up of Approximately 44,000 SF of Vacant Space (30.62% of GLA)

Investment Highlights

  • 144,095-SF Grocery-Anchored Shopping Center on a +/-22.72-Acre Site
  • Anchored by Kuhn's Market (31,690 SF, ~22% of GLA) Under a Long-Term Lease Through 2044 With Built-In Rent Increases
  • Diverse Mix of 24 National, Regional and Local Tenants Including H&R Block, Sherwin-Williams, Anytime Fitness and State Farm

Broker of Record

  • Timothy B. Stephenson Jr

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Shopping Regional

Hopewell Shopping Center

Listing Price: $9,138,000

Cap Rate
7.00%
Gross SF
144,095
Rentable SF
144,095
Price/Gross SF
$63.42
Lot Size
22.72 acres
Year Built
1965

Investment Highlights

  • 144,095-SF Grocery-Anchored Shopping Center on a +/-22.72-Acre Site
  • Anchored by Kuhn's Market (31,690 SF, ~22% of GLA) Under a Long-Term Lease Through 2044 With Built-In Rent Increases
  • Diverse Mix of 24 National, Regional and Local Tenants Including H&R Block, Sherwin-Williams, Anytime Fitness and State Farm

Investment Overview

144,095-SF Grocery-Anchored Shopping Center on a +/-22.72-Acre Site Anchored by Kuhn's Market (31,690 SF, ~22% of GLA) Under a Long-Term Lease Through 2044 With Built-In Rent Increases Diverse Mix of 24 National, Regional and Local Tenants Including H&R Block, Sherwin-Williams, Anytime Fitness and State Farm Majority NNN Leases With Taxes, Insurance and CAM Reimbursed by Tenants Attractive Basis at $62.46/SF and a 7.03% Cap Rate on In-Place Income Significant Upside Through Lease-Up of Approximately 44,000 SF of Vacant Space (30.62% of GLA)

Broker of Record

  • Timothy B. Stephenson Jr

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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