Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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

I accept the confidentiality agreement

Attributes

Lease Type NN
Lease Expiration 2031-02-28
Remaining Term 10 years, 7 months
Tenant Burlington Coat Factory
Building Area
Land Area

Property Description

Jones Lang LaSalle Americas, Inc. (JLL) is pleased to exclusively offer the opportunity to acquire a single tenant property leased to Burlington (the Property) in Philadelphia, PA - the 8th largest MSA in the United States.

Investment Highlights

  • Burlington is situated on a large, 3.41-acre parcel at the corner of the fully signalized intersection of Aramingo Avenue and Ontario Street. Aramingo Avenue is a main artery in the area that carries more than 20,000 VPD. The site is also located just off Interstate 95, which boasts nearly 130,000 VPD.  
  • The Property is just 5 miles away from Center City Philadelphia and minutes away from popular neighborhoods such as Fishtown and Kensington. In 2018, Forbes named Fishtown as ‘America’s Hottest New Neighborhood.’ Overall, The Philadelphia MSA contains more than 6 million people and is ranked as the 8th largest MSA in the United States. 
  • There are multiple National retailers surrounding the Property. Across the street is Imperial Plaza, a 126,000 SF shopping center anchored by ROSS; Shoppers World is adjacent to the premises; and Walmart, Target, The Home Depot, and Lowe’s are all just 1 mile away. Further, there are plans for a new CVS Pharmacy to be constructed adjacent to the Burlington property.
Marc Mandel
Marc Mandel
Managing Director, Capital Markets
License details
PA - AB068236 DE - RS-0019936 NJ - 0894218
Christopher Munley
Senior Managing Director, Capital Markets

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.

+358931583230

JLL  financing

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