606 Christiana Mall, Newark, DE 19702-3212

This exceptional investment opportunity features a 159,878 square foot JCPenney store located within Christiana Mall in Newark, Delaware. The property sits on an 11.83-acre parcel and benefits from a 20-year absolute NNN lease with 16 years remaining, commencing December 7, 2020, and expiring November 30, 2040. The lease includes five, 5-year renewal options and features a 2% annual rent increase. The tenant, JCPenney, is backed by a corporate guarantee. Christiana Mall is Delaware's busiest shopping center, boasting over 10.3 million annual visits and an "A+" rating from Green Street, achieving exceptional annual sales of $1,329 per square foot. The mall underwent a significant renovation and expansion in 2017, adding over 600,000 square feet of retail space. The property enjoys a prime location along I-95 and Highway 7, with high daily traffic volume. Its proximity to ChristianaCare Christiana Hospital, Wilmington Airport, and the University of Delaware further enhances its desirability. The surrounding area boasts a high average household income exceeding $114,000, and a population that has grown significantly since 2010. This offering presents a passive income opportunity with strong long-term cash flow potential and no landlord responsibilities. The tenant's current rent is significantly below market rates, presenting a substantial mark-to-market opportunity. The guarantor entities maintain a $925 million tangible net worth and 12 months of liquidity. JCPenney also demonstrates a healthy balance sheet with substantial cash on hand and available liquidity, and minimal long-term debt. This is a rare opportunity to acquire a high-performing retail asset in a prime location with a long-term, secure lease.