Major Tenants: T.J. Maxx/HomeGoods, Best Buy, Richland Mall Cinemas, Ross Dress for Less, Michaels, Dollar Tree, Petco, Fine Wine & Good Spirits, Ulta Beauty
100% Occupied, 289,624 SF Walmart-Shadowed Power Center in Johnstown, PA
Shadowed by #1 Walmart in PA (133 Stores) with 3.14M T12 Customer Visits; Top 1% Nationally (source: Placer.ai)
#3 Most Heavily Trafficked Shopping Center in Western PA / #7 in all of PA; 6.22M Visitors in 2023 (Placer.ai, excludes Malls/Lifestyle-Centers)
Freestanding Chili’s Ground-Lease & Starbucks Outparcel Strip Included in Sale; CAP Arbitrage Opportunities via Spin-Off
84% of GLA is Leased to National Retailers (27 of 33 Tenants)
Upside via Continuing to Relocate Neighboring Mall Tenants (Recent Relo’s = American Eagle, Bath & Body Works, Spencer’s @ 35% Combined Rent Increase Over Prior Tenants)
15.9 Year Avg. Weighted Tenure: 63.3% of GLA In-Place Since Original 2003-2005 Construction Including 6 of 7 Largest Tenants
Top Shopping Destination in the Johnstown-Altoona MSA (6.2M T12 Customer Visits); Next Busiest Shopping Centers are 40 Miles Away
Junior-Box Tenants Include a Who’s Who of Category-Leading National Retailers: Best Buy, Ross, Michaels, Dollar Tree, Petco, Ulta & Five Below
Richland Mall Cinemas – Freestanding First-Run Movie Theater In-Place Since Original 2003 Development (In Business Since 1949); On NNN Lease thru 11/2033
True Regional-Draw Power Center: 219 Square-Mile Trade Area with a Population of 119K (source: Placer.ai, 80% of traffic)
Mountainous Area with High Physical Barriers to Entry Due to Rugged Terrain & Infill Nature of All Prime Off-Highway Real Estate