2520 Macarthur Rd | Whitehall, PA 18052
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2520 Macarthur Rd
Whitehall, PA 18052
At Home · Retail Property For Sale
Executive Summary
Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant At Home (the “Property” or “Asset”) located at 2520 MacArthur Blvd in Whitehall, PA.
The Property totals 111,165 SF and features a 15-year lease with a corporate guaranty from At Home, a unique home décor concept that offers up to 45,000 home décor items for every household room (the “Tenant”). The lease structure is an absolute NNN lease, offering investors long-term cash flow with no landlord expenses, and features four (4), five-year renewal options and 2% annual rent bumps throughout the primary term & renewal options.
The asset is located within MacArthur Towne Center, which sees over 1.4 million annual visitors (per placer.ai) and is situated with frontage along MacArthur Blvd, with traffic counts of 41,000+ vehicles per day.
The Offering provides investors with the opportunity to acquire over 11 years of passive cash flow from a national retail tenant, with in-place renewal options, in a major shopping center.
The Property totals 111,165 SF and features a 15-year lease with a corporate guaranty from At Home, a unique home décor concept that offers up to 45,000 home décor items for every household room (the “Tenant”). The lease structure is an absolute NNN lease, offering investors long-term cash flow with no landlord expenses, and features four (4), five-year renewal options and 2% annual rent bumps throughout the primary term & renewal options.
The asset is located within MacArthur Towne Center, which sees over 1.4 million annual visitors (per placer.ai) and is situated with frontage along MacArthur Blvd, with traffic counts of 41,000+ vehicles per day.
The Offering provides investors with the opportunity to acquire over 11 years of passive cash flow from a national retail tenant, with in-place renewal options, in a major shopping center.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
111,165 SF
Building Class
B
Year Built
1994
NOI
$736,383
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
9.63 AC
Zoning
C-2
Parking
381 Spaces (3.43 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 549845513598-1 | Improvements Assessment | $3,290,700 |
| Land Assessment | $2,813,600 | Total Assessment | $6,104,300 |
PROPERTY TAXES
Parcel Number
549845513598-1
Land Assessment
$2,813,600
Improvements Assessment
$3,290,700
Total Assessment
$6,104,300
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