INVESTMENT HIGHLIGHTS
NEW CONSTRUCTION: The new construction Panera Bread and Sleep Number consists of a 6,700 square foot building and features an attractive architectural design, drive up window, and outdoor patio seating for Panera Bread. The property is situated inside of the under-construction Shops at the Crossings.
LONG-TERM LEASE WITH INCREASES: Both Panera Bread and Sleep Number have new ten-year NN Leases, each with three (3), 5-year renewal options. Additionally, both leases call for attractive 10% rent increases in year six of the primary lease terms and at the start of each option period providing the investor with an attractive increase in revenue and hedge against inflation.
PRIME RETAIL LOCATION: The Property is extremely well located at the signalized entrance to the new construction Shops at the Crossings. The Property has outstanding frontage and visibility and is positioned in the center of a busy retail corridor positioned between Interstate 295 and the NJ Turnpike. The area is home to countless national retailers and restaurants, and several large industrial parks that drive traffic to the area. The immediate area has seen significant redevelopment with the construction of The Crossings and The Shops at the Crossings. The Property is also close to area schools, downtown Burlington, and the banks of the Delaware River.
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