LONG TERM, INTERNET RESISTANT LEASES
- The shopping center provides a buyer group with relative tenant stability as the lease expirations range from 2026 to 2029. Planet Fitness, Get Air, and DaVita Dialysis are all internet resistant uses.
- Weighted average lease term – 5.32 years.
- 12,000 SF (11% of the total GLA) is available for lease allowing the next ownership group to eventually increase the NOI of the property.
PAD OF MALL LOCATION
- Subject property is a pad to the Hamilton Mall (428,996 SF) and is surrounded by national retailers including Walmart, Target, Hobby Lobby, Macy’s, H&M, Kohl’s, Burlington, BJ’s, ULTA, Dick’s, etc.
ATLANTIC CITY SUBURB
- This location is just over 10 miles from Atlantic City, one of the most popular tourist destinations in the United States with over 9 casino resorts and 20,000 hotel rooms.