KGI 3 Retail Portfolio
Strong Performing Grocery Anchored Property and Two Necessity-Oriented Retail Centers in New England
Marketing description
JLL Capital Markets is pleased to exclusively offer the opportunity to acquire the KGI 3 Portfolio (the “Portfolio”), consisting of one grocery anchored and two necessity-oriented retail centers in New England. The Portfolio is anchored by a strong-performing Shaw’s Supermarket, along with a complementary mix of national credit tenants including a Stop & Shop Master Lease, Marshalls, Tractor Supply, Goodwill, Dollar Tree, and Family Dollar. The Portfolio is being offered at a significant discount to replacement cost, and below-market in-place rents, as well as densification opportunities, which will allow investors to push returns over time.
The Properties are being offered for sale "a la carte." Investors have the opportunity to acquire single assets, a sub-portfolio or the full portfolio.
Portfolio Summary
Ellsworth Shopping Center - Ellsworth, ME
101,608 SF
100% occupancy
$1,109,070 In-place NOI
Shaw's Supermarket, Reny's, Wendy's - major tenants
Mountain Valley Plaza - Gorham, NH
71,000 SF
97% occupancy
$381,324 In-place NOI
Tractor Supply, Marshalls, Dollar Tree - major tenants
Crossroads Plaza - Warwick, RI
80,895 SF
96% occupancy
$701,460 In-place NOI
Stop & Shop (master lease), Family Dollar, Goodwill - major tenants
Investment highlights
±253,503 SF, three shopping centers located in high barrier to entry markets
Portfolio is 98% leased and nearly 93% of the income is from national, credit tenants including Shaw's Supermarket, Stop & Shop (master lease), Marshalls, Tractor Supply, Dollar Tree and Family Dollar
6.2 Years WALT across the portfolio
Value-Add Opportunities at all three properties
Low Cost Basis
Limited Capital Requirements
Listing Contacts
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Valuation Metrics
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Property History
Tax History
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