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Retail

Ashbridge Square

Downingtown, PA

386,248 SqFt

Built in 2000

Value Add

Investment Highlights

  • Ashbridge Square boasts a committed roster of premier tenants with national brands comprising 88% of the gross income and a weighted average historic term of 16.5 years .
  • Anchored by a high-volume Home Depot (S&P rated A) on a long-term ground lease with over 8 years remaining providing for anchor stability.
  • A value-add opportunity exists to lease-up the roughly 57,000 SF of vacancy (15% of GLA) and take advantage of a dark Aldi grocery store by recapturing the 20,000 SF unit leased through 2030.
  • An additional opportunity exists to spin off Home Depot, as well as Chick-fil-A, for disposition in the net lease market to improve on the overall basis, subject to subdivisions.

Exclusively listed by

  • Brad Nathanson

    Senior Director

    Philadelphia, PA

    bnathanson@ipausa.com

    Philadelphia, PA

    License(s): PA: RS278775, NJ: 0674866

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