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Attributes
Year Built | 2003 |
Building Area |
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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
Jim Galbally
Senior Managing Director
T +1 215 988 5551
Colin Behr
Senior Director
T +1 215 399 1819
M +1 215 896 4253

