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

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
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. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. 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.
I accept the confidentiality agreement I accept the confidentiality agreement
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 2003
Building Area

Property Description

A 203,309 square foot retail center located in DuBois, Pennsylvania. The property’s tenant roster features three national, credit tenants in T.J. Maxx, Michael’s and Dollar Tree, in addition to national sporting goods retailer Dunham’s Sports and a shadow anchor in Lowe’s. These four tenants total over 65% of the Property’s Gross Income and have a weighted average remaining lease term of 7.4 years. The center as a whole has a weighted average lease term of over 6.5 years.  


With a premier shadow anchor in Lowe’s, recent leasing momentum through executions with Michael’s, Dollar Tree, and long term credit anchor tenants, and a tenant roster featuring three credit anchor tenants with over 7 years of remaining lease term, The Commons provides an ideal blend of long term stable cash flow and substantial income growth potential. The Property also offers upside opportunity through +28,000 square feet of in-line vacancy.


Located along a highly trafficked east-west artery through DuBois, E. DuBois Ave (Rt-255) totals 14,000 vehicles per day, offering retailers high visibility and accessibility to the local trade area. The Property also has immediate connection to high-quality infrastructure, including I-80 and serves as the premier retail corridor in the area and is the most-visited shopping center within a 30-mile radius, according to Placer.Ai. 

Investment Highlights

  • National credit tenant roster in a well-positioned shopping center with recent leasing momentum
  • #1 most visited shopping center within a 30-mile radius
  • Stabilized asset with immediate NOI growth potential and service-based tenant mix
  • 60% of gross income from credit tenants
  • Premier shadow anchor in Lowe's
  • Excellent regional connectivity and access to transportation infrastructure


Chris Munley

Senior Managing Director

T +1 484 532 4207

M +1 609 610 1096

c.munley@am.jll.com


Jim Galbally

Senior Managing Director

T +1 215 988 5551

james.galbally@am.jll.com


Colin Behr

Senior Director

T +1 215 399 1819

M +1 215 896 4253

colin.behr@am.jll.com

Last Updated Date: 08 Jan 2021
Chris Munley
Chris Munley
Senior Managing Director, Capital Markets
License details
NJ-0683560 PA-RS314499
Colin Behr
Colin Behr
Senior Director, Capital Markets
License details
PA-RS318490

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.

+13129406848
Last Updated Date: 08 Jan 2021

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.