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Details: Retail

Square Feet: 221,510 SF

Year Built: 1960

NOI: $1,910,500

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

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