Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1991
Building Area
Occupancy 100.0 %

Property Description

Rural King benefits from the strong retailers in the Beaver Valley Mall and those that surround the Property. The Beaver Valley Mall features anchor tenants such as Boscov’s, Dick’s Sporting Goods, Planet Fitness and JCPenney. In addition, other surrounding national retailers such as Burger King, Arby’s, Wendy’s, ALDI, Target, Marshalls, Ross Dress for Less, Panera and Books-A-Million are able to attract customers from an expansive trade area. With nearly 75 stores, coupled with its immediate access to Route 18, the Property is able to benefit from more than 69,000 residents within a 5-mile radius who earn average household incomes of over $72,000.

Investment Highlights

JLL is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant, net leased property leased to Rural King (the “Property”) in Monaca, PA. Rural King executed a ten (10) year deal in 2017, along with eight (8), five (5) year options. All options have roughly ten percent (10%) increases in the beginning of each period. Rural King is currently paying an attractive low rent per square foot, creating long term upside on future rents. The Property is situated along Pennsylvania Route 18, making it easily accessible and a retail destination to the growing working population of Monaca.
Last Updated Date: 22 Apr 2020
Marc Mandel
Marc Mandel
Managing Director, Capital Markets
License details
PA - AB068236 DE - RS-0019936 NJ - 0894218

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+41445083302
Last Updated Date: 22 Apr 2020

Do you have any questions?  Visit our FAQ page

JLL  financing

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