Offering Summary
THE PROPERTY
This investment opportunity features a 117,951-square-foot ALDI-anchored shopping center in Waynesboro, Pennsylvania, strategically positioned along Route 16 with 17,714 VPD and limited competition in a high-retail occupancy market. The center is 91.9% leased, with national tenants ALDI, Tractor Supply, Dollar Tree, and Beall’s Outlet, securing 75.7% of total income and a WALT of ±9.18 years. Generating a Year 1 NOI of $648,868, the property benefits from long-term lease extensions, 54,177 SF of new and renewed leases in 2024, and value-add potential through 9,506 SF of available space and below-market rents on 75,435 SF of tenancy. Located in a growing trade area with 157,947 residents and an average household income of $100,678, the asset offers stable cash flow, 7.10% projected 5-year NOI CAGR, and built-in rental growth, making it a compelling opportunity for long-term income and appreciation.
Anchored by ALDI and national retailers like Tractor Supply and Dollar Tree, this center offers a reliable income stream with 91.9% occupancy. Long-term leases, including recent 10-year renewals, ensure minimal vacancy risk and consistent cash flow.
THE SPONSOR
Investing with Crowdvest LLC provides you with a hassle-free way to enter the commercial real estate market. Our syndication model allows you to invest in high-quality properties with a lower capital requirement than traditional real estate investments. Plus, our team handles all the complexities of property management and ensures that your investment is well-maintained.
We offer a range of investment opportunities, from multifamily properties to office buildings, so you can choose the type of real estate that best fits your investment goals. Our platform also provides transparent reporting, so you can track your investment's performance and stay informed about any developments in the market.
Wayne Heights Realty
The Wayne Heights Shopping Center is a 117,951-square-foot retail center in Waynesboro, PA, anchored by ALDI and nationally recognized tenants. With 91.9% occupancy, long-term leases, and value-add potential, the center offers strong in-place income and future upside in a growing, high-traffic market.
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| Preferred Return: | 7.75% |
| Targeted Equity Multiple: | 2.6x |
| Targeted IRR: | 23% |
| Targeted Investment Period: | 5 Years |
| Property Type: | NNN |
DISCLAIMER
Any investments being offered are pursuant to an exemption from registration under Regulation D of the Securities Act of 1933, specifically Section 506(c). As such, only investors who are verified as being "accredited investors" will be able to invest in this opportunity, and only upon receipt, review and execution of the definitive offering documents. Please refer to www.SEC.gov for further guidance regarding accreditation.