Current Property Listings
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Field Club Commons
NEW LISTING
$6,600,000
8.79% CAP / 125,620 RSF
3300-3500 Wilmington Road New Castle, PA 16105
Investment Highlights
Underwritten on Current Numbers
Upside Through Leasing of Vacancy
Nearly 11 Percent Going In Cash-On-Cash
New Roof and HVAC Systems on Large Portion of Center
Meticulous Maintenance
Seven Acres of Construction - Ready Land for Additional $875,000
Adjacent to Giant Eagle - Dominant Grocer in Area
Recent New Leases - Peebles and Tuesday Morning
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CVS/pharmacy - Mechanicsburg
AVAILABLE - REPRICED
*** PRICE REDUCED $190,000 ***
$4,335,000
7.00% CAP / 11,970 RSF
105 South Sporting Hill Road Mechanicsburg, PA
Investment Highlights
20 Years Left On NN Lease
S&P "BBB+" Credit Tenant (Investment Grade)
Delivered Free And Clear Of Debt
Strong Average Household Incomes - $80,000 In Three Mile Ring
Excellent Infill Location In Growing State Capital Area
32,000 Cars Per Day Through Intersection In Front Of Site
"Billboard" Site - Highly Visible From Capital Beltway
Well Established Retail Trade Area
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Rite Aid - Penn Hills
AVAILABLE - REPRICED
*** PRICE REDUCED $353,000 ***
$6,012,000
8.10% CAP / 11,157 RSF
Saltsburg Road & Universal Road Penn Hills, PA
Investment Highlights
20 Year NNN Lease
10 Percent Rent Increase In Year 11
Corporate Guarantee
New 2008 Construction
New "Customer World" Prototype With Drive Thru
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Rite Aid - Havelock
AVAILABLE - REPRICED
*** PRICE REDUCED $129,430 ***
$2,736,516
7.75% CAP / 13,813 RSF
101 West Main Street Havelock, NC
Investment Highlights
New 20 Year NNN Lease
10 Percent Rent Increase Every 10 Years
Excellent Store Sales - Available Upon Request
Part of Larger Available Portfolio of Rite Aids
Over 25,000 VPD Pass Site
Close Proximity To Marine Corps Air Station Cherry Point
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Rite Aid - Springfield
AVAILABLE - REPRICED
*** PRICE REDUCED $214,175 ***
$3,801,600
7.50% CAP / 11,190 RSF
381 Cooley Street Springfield, MA
Investment Highlights
New 20 Year NNN Lease
10 Percent Increase Every 10 Years
Excellent Store Sales - Available Upon Request
Part of Larger Available Portfolio of Rite Aids
Large Parcel Of Land [3.49 Acres]
New Stop & Shop Under Construction Next To Site
Located Across From Shopping Center Anchored By Big Y Foods And Big Lots
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Rite Aid - Woonsocket
AVAILABLE - REPRICED
*** PRICE REDUCED $103,156 ***
$2,475,733
7.50% CAP / 10,550 RSF
200 Social Street Woonsocket, RI
Investment Highlights
New 20 Year NNN Lease
10 Percent Rent Increase Every 10 Years
Excellent Store Sales - Available Upon Request
Part of Larger Available Portfolio of Rite Aids
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Goodnoe's Corner - Newtown, PA
AVAILABLE
$17,000,000
7.01% CAP
5,153 RSF - 4 Luxury Apartments
30,500 RSF - Retail Space
290 North Sycamore Street Newtown, PA 18940
Investment Highlights
Class "A" New Construction
Premium Signaled Corner Location
National, Regional & Local Tenant Mix
Net Leases with Increases
Exceptional Design & Construction
Offered Free and Clear of Debt
Excellent Household incomes - $102,807
100% Leased
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Rite Aid - Boothwyn
UNDER CONTRACT
$2,937,379
7.25% CAP / 14,479 RSF
3120 Chichester Avenue Boothwyn, PA
Investment Highlights
New 20 Year NNN Lease
10 Percent Rent Increase Every 10 Years
Excellent Store Sales - Available Upon Request
Part of Larger Available Portfolio of Rite Aids
New Building; Strong Residual Value
Infill, Dense Market; Barriers To Entry
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Scozio Festival Foods
UNDER CONTRACT
$4,900,000
11.27% CAP / 50,198 RSF / 6.24 Acres
10688 Perry Highway Wexford, PA 15090
Investment Highlights
STNL Grocery Store in Upscale Pittsburgh Neighborhood
Long-term upside: Demise space and rent at $15+ SF
5 Years Remaining on Initial NN Lease; 2/5 Yr Options
9.78% Cap Starting Sept 2008; Re-Positioning Potential
Adjacent to Wexford Plaza (Starbucks, GNC, Arby's)
Busy Retail Corridor (29,000+ Vehicles Per Day)
Average Household Incomes exceed $100,000
2006 sales were just under $280 / SF
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Sheetz
UNDER CONTRACT
$740,000
6.76% CAP / 4,056 RSF
4025 West Crawford Avenue Northern Cambria, PA 15714
Investment Highlights
20 year absolute-net ground lease
Zero landlord responsibilities
10% rent bumps every 5 years beginning in year 10
Signaled corner on "Main" thoroughfare of town
Town center corner retail location - 1.6 Acre
Sheetz - More than $3.9 billion in revenue in 2007
Sheetz - Ranked #98 on Forbes list of largest private companies
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Wachovia
RECENTLY CLOSED
Closed on 11/7/2008
$4,400,000
6.16% CAP
2227 South Broad Street Philadelphia, PA
Investment Highlights
Out of State 1031 Buyer
New 20-year ground lease
10% rent increases every five years
Zero management responsibility
Replaces two existing branches
30,000+ cars per day
Signaled intersection
Nearly 90,000 population in one-mile ring
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Rite Aid - Phoenixville, PA
RECENTLY CLOSED
Closed on 10/23/2008
$5,550,000
7.92% CAP / 11,180 RSF
SW Nutt Road & Kimberton Ave Phoenixville, PA 19460
Investment Highlights
Replaces two existing stores
20 Year NN Lease
Dominant Drug Store Chain in Northeastern US
Corporate Guarantee
New construction
Environmentally clean site
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