Shopping Regional
Hopewell Shopping Center
2284 Brodhead Rd, Aliquippa, PA 15001, Aliquippa, PA 15001
Listing Price: $9,138,000
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
Financing By
Shopping Regional
Hopewell Shopping Center
Listing Price: $9,138,000
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
Financing By