On behalf of the owner, Holliday Fenoglio Fowler, L.P. (HFF) is pleased to market for sale Monroe Marketplace, a 372,806-square-foot, market-leading, grocery-anchored power center located in the Central Pennsylvania community of Selinsgrove. Monroe Marketplace is anchored by a premier lineup of national retailers, including GIANT Food Stores, T.J. Maxx, Dick’s Sporting Goods, Kohl’s, PetSmart, Ulta Beauty, and features a best-in-class shadow anchor with Target.
Monroe Marketplace offers investors the opportunity to acquire a best-in-class, dominant grocery-anchored retail power center, sustaining long-term income stability and proven success from a diverse national credit tenant lineup of market leaders within their respective fields. More than 17 percent of the gross income is attributed to Giant, while approximately 91 percent of the total gross income is generated by investment-grade credit tenants with an average remaining lease term of 6.5 years.
The center is positioned as a destination retail center, servicing a consumer base within a 15 to 20 mile radius and beyond. Prominently located on 35.1 acres at 110-490 Marketplace Boulevard at one of the most highly-traveled intersections within the market, Route 11/15, and adjacent to the 744,900-square-foot Susquehanna Valley Mall, the retail property for sale benefits from an ideal location at the heart of Selinsgrove’s primary retail node. The center’s mall-peripheral location commands exposure and visibility to more than 30,000 vehicles per day, and the center is strategically positioned off of all major interstate highways, accessible via Interstates 80, 81 and 180.
Monroe Marketplace is a retail property for sale in Central Pennsylvania that features a dominant grocery anchor with more than 10 years remaining on its lease term, a diverse roster of investment-grade tenants along with a market-leading shadow-anchor tenant all in a strategic location that attracts a vast consumer audience. For more information on this commercial property for sale, please contact HFF Managing Director Chris Munley, Senior Managing Director Jose Cruz and Associate Directors Michael DiCosimo and James Conley.