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SRS Investment Properties Group is pleased to offer the opportunity to acquire Mantua Square, a 100% leased, 55,403 SF retail center comprised of three separate buildings in Sewell (Mantua Township), New Jersey (Philadelphia MSA). The center features PetSmart, Dollar Tree, and Chick-Fil-A (single tenant, ground leased, drive-thru pad), and is shadow anchored by Lowe’s Home Improvement and Target (both NAP). Both Lowe’s and Target own and occupy their respective parcels. The balance of the tenant lineup includes Sally Beauty Supply, Great Clips, Advanced Physical Therapy, and Szechuan Asian Cuisine. The e-commerce resistant, varied tenant lineup of restaurants, daily needs, discount retailer, pet store, and medical use tenants promote crossover shopping within the shopping center. In addition, national brands account for over 86% of the base rental income in the center.
The subject property is ideally located along Woodbury Glassboro Road with an average of 21,500 vehicles passing per day. The site features large monument signage along Woodbury Glassboro Road. In addition, the site is located just off the 55 State Highway on/off ramp (45,200 cars per day). Mantua Square benefits from its location between major retailers Target and Lowe’s Home Improvement, who both draw customers from a wide trade area and generate significant traffic. Other notable tenants in the immediate trade area include Wendy’s, Dunkin Donuts, Verizon, and more. The site features strong demographics in the 5-mile trade with a population exceeding 138,000 residents and more than 53,000 workers. The 1-mile radius features average household incomes exceeding $132,000. Mantua, New Jersey is located 19 miles south of downtown Philadelphia, and just 15 miles from the Philadelphia International Airport.
Mantua Square | 100% Occupied | Anchored by Petsmart and Dollar Tree | Single Tenant Chick-Fil-A Pad
E-Commerce Resistant Tenants | Right Size Boxes
Long-Term Favorable Assumable Loan In Place
Lowe’s Home Improvement and Target Shadow Anchor | Dominant Retail Corridor
Located Along Woodbury Glassboro Road (21,500 VPD) | Freeway Access | Large Monument Signage
Close Proximity to Philadelphia
Strong Demographics | Affluent Six Figure Incomes