South Philadelphia

2301-11 Oregon Avenue, Philadelphia, PA 19145

Grocery anchored center with ShopRite. The largest food retailer in greater Philadelphia
Multi Unit ShopRite operator
ShopRite recently renewed for 5 years
The center is 85% occupied leaving over $500k of NOI through projected future lease-up and rent growth
Below market rents
Internet resistant tenant mix including a new lease with Fusion Gym with term through 2034
Located along one of the trade area’s most heavily traveled intersections with traffic counts of over 40,000 Vehicles Per Day
Asset is centrally located in the heart of South Philadelphia with over 600,000 residents with a 5-mile radius
Located in the 7th largest MSA in the entire United States, with over 6.2 million residents
High traffic count intersection
I-76: 84,601 cars daily
Oregon Ave.: 40,074 cars daily
New 1,300-acre Bellwether District being developed within blocks of the asset. The development is bringing over 30,000 new jobs to the area over the course of the project