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Built in 2000
- 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.