English Creek Shopping Center — Sale in Egg Harbor Township, NJ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Egg Harbor Township, NJ 08234

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Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer English Creek Shopping Center (the “Property”), a 216,984 square foot, high performing shopping center located in Egg Harbor Township, NJ. The 75%-leased Property is shadow-anchored by ShopRite, the dominant grocer in the market, which has generated 1.4M visits in the last 12 months, ranking as the #1 most visited grocer within a 5-mile radius of 19 competitors. English Creek Shopping Center offers a complementary, service-oriented merchandising mix with contemporary retail uses that include medical, beauty & spa, service-oriented use, and more with +11.5 years of weighted average tenure. At 75% leased, the Property offers investors a rare and significant value-add opportunity through the lease-up of +54,000 SF of remaining vacancy and the ability to achieve +63.0% NOI growth and a +10.3% CAGR over a 5-year hold period. English Creek Shopping Center offers investors secure, long-term income from an essential tenant base shadow anchored by the dominant grocer within the market. The Property is located in an ideal infill location near the Southern shore points of New Jersey with direct access and visibility along highly trafficked Black Horse Pike / Route 40 (40,000+ VPD) and close proximity to the Atlantic City Expressway (80,000+ VPD).

Market Context

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