Property Description

Ashbridge Square is a one-of-a-kind retail center anchored by The Home Depot and an AWI grocery store. The 376, square foot shopping community is located in economically and demographically robust 489Downingtown, Pennsylvania, a township in Chester County, which is the fastest-growing suburb in the Philadelphia MSA. Built in 2000, this attractive, well-maintained center has a history of strong occupancy, and 85 percent of the GLA is leased to national credit tenants. These include The Home Depot, Jo-Ann Fabrics, Staples, Levitz, Tuesday Morning and H&R Block. The grocery anchor in the center is leased to Associated Wholesaler's Inc. (AWI), which services more than 800 stores and operates nine. Associated Wholesaler's, Inc. boasted more than $1.2 billion in sales in 2004. Priced at $164/SF-Well Below Replacement Cost 100% Occupied Property with 85% Credit Tenants Substantial Rent Increases in 2009 and 2010 Available Debt Free or With the Option of an Interest-Only Loan for 3 Years to Increase Cash Flow Triple-Net Leases with Pass-Throughs Low Management Requirements Located on a Main Four-Lane Retail Corridor Easy Access to Center-Bounded by 2 Traffic Lights Built in 2000 Area Household Incomes Average $90,000+ Across the Street from a 610,000 SF Power Center Well-Lit Parking Areas and Prominent Signage