INVESTMENT OFFERING
SAB Capital is proud to present the Shops at Foster Brook, a 31,899 Sqft Walmart Shadow Anchored Shopping Center in Bradford, PA, just 90 minutes south of Buffalo, NY and 3 hours north of Pittsburgh, PA. This 100% Occupied Retail Center boasts an established mix of service-oriented tenants, all secured on Triple-Net (NNN) leases, and is strategically positioned adjacent to a high-traffic Walmart Supercenter that attracts over 2 million visitors on an annual basis, which serves a 20-mile radius. Additionally this asset offers some value add upside with below market rents, and the ability to add an additional 6,000 Square Feet of Buildable Space to the center.
- Prime Location within Northwest Pennsylvania | Situated within the main retail corridor in Bradford, providing unique tenant appeal and long-term real estate value.
- 100% Occupied Retail Strip Center | The property features a strong mix of regional and service-oriented tenants across the rent roll.
- Minimal Landlord Responsibilities | All tenants are operating on NNN leases, reimbursing for taxes, insurance, and CAM, providing for the recovery of operating expenses.
- Shadow-Anchored by a Walmart Supercenter | Walmart experiences over 2.1M+ Annual Visitors, per Placer.ai, and is the only Walmart within a 20-mile radius.
- Recent Lease Extensions | Leisure Time Powersports, Edward Jones, and Zoom Tan recently extended their leases, reinforcing the center’s tenant stability and continued occupancy.
- Significant Capital Investment from Valor Healthcare | Valor Healthcare invested over $1.5M into their space, demonstrating their long-term commitment to the location.
- Value-Add Potential | Opportunity to increase the NOI through the renewal of shorter-term leases and marking below-market rents to current market levels.
- Additional 6,000 SF of Buildable Space | Future expansion site located at the western end of the property, already permitted with utilities in place, providing additional development upside, subject to buyer verification.
- Positioned within Bradford’s Primary Retail Trade Area | Nearby retailers include ALDI, Tractor Supply, Anytime Fitness, Dunham’s Sports, Dollar General, Sheetz, Goodwill, Taco Bell, Tim Hortons, etc.
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Shops at Foster Brook | $3,015,000 | 9.00% | NNN | 31,899 | Available |