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

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1999
Building Area Gross
Land Area Gross ()
Occupancy 100.0 %

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer Laurel Plaza (“The Property”), an 81,347 square foot, 100% occupied, grocery anchored shopping center located in Bridgeton, NJ. The shopping center features the dominant grocer in the county, ShopRite, in addition to a diversified tenant lineup that boasts a weighted average tenure of over 20 years. ShopRite, which is backed by a Wakefern Food Corporation lease, commenced operation in 2000 and has demonstrated their success through strong and above average sales. Additionally, 80% of the gross income is derived from ShopRite which has 15.7+ years of term remaining. Situated in a densely packed retail corridor near the signaled intersection of Route 56 and Route 77, Laurel Plaza features excellent curb appeal, visibility and access. Currently 100% occupied, the shopping center’s reliable mix of national and regional tenants such as ShopRite and H&R Block provides a steady cash flow from in-place tenants.

Investment highlights

  • DOMINANT GROCERY ANCHOR IN SOUTHERN NEW JERSEY
    • ShopRite is the dominant grocery anchor in the Cumberland County. The ShopRite at Laurel Plaza has a proven track record of operational excellence, above average sales and over 15 years of remaining term with six (6) 5 year options. 
  • COMPLEMENTARY MERCHANDISING MIX WITH HIGH TENURE TENANCY
    • 20.1+ Years Weighted Average Tenure
    • 13.4+ Years Weighted Average Lease Term
    • 95% of Gross Income From Tenants with 10+ Years Tenure
  • PREMIER LOCATION & ACCESS WITH REGIONAL CONNECTIVITY IN A PREMIUM RETAIL CORRIDOR
    • Laurel Plaza is in close proximity to a highly trafficked signalized intersection - Route 77 (14,700+ VPD) and Route 56 (13,000+ VPD). There is a four-way signalized intersection that provides ingress/egress from both North and South bound traffic on Route 55 where traffic counts exceed 40,000 vehicles per day.
Last Updated Date: 22 Aug 2022

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Last Updated Date: 22 Aug 2022

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