Sicklerville, NJ

Winslow Plaza

Targeted Equity
Multiple

1.6x-1.8x

Targeted Net
IRR

11.5-12.5%

Targeted Average Cash-on-Cash

6.0-6.5%

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Overview

Winslow Plaza is a 100% occupied, 40,695 SF neighborhood strip center located in Sicklerville, NJ, a suburb within the Philadelphia MSA. The center is shadow-anchored by a ShopRite grocery store, the #1 grocer by market share in the region, and features a diverse mix of necessity-based tenants with an average tenure exceeding 13 years. The asset is positioned to provide investors with stable cash flow and value appreciation over the hold period.

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Financial Targets

Purchase Price

$8.65 M

Targeted Hold Period

5 Years

Targeted Net IRR
?
Targeted Net IRR is defined as the annualized, compound rate of return using equity contributions and distributions as they occurred on specific dates during the investment period. Net IRR is reflective of all fees charged and paid to First National Realty Partners LLC and its affiliates and subsidiaries. “Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized. Securities are only available to verified accredited investors who can bear the loss of their investment. Please contact FNRP for an explanation of how such numbers are calculated.

11.5-12.5%

Targeted Equity Multiple
?
Targeted Net Equity Multiple is the total distributions and remittances to equity investors divided by the total equity contributions from investors during the investment period. Targeted Net Equity Multiple is reflective of all fees charged and paid to First National Realty Partners LLC and its affiliates and subsidiaries. “Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized.
1.6x-1.8x
Targeted Average Cash-on-Cash Return
?
Targeted Average Cash-on-Cash is targeted annual cash flow return on invested equity over the projected hold period. All projected Cash-on-Cash returns are reflective of all fees charged and paid to First National Realty Partners and its affiliates and subsidiaries. Cash distributions and any specific returns are not guaranteed. “Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized.

6.0-6.5%

Preferred Return of Net IRR
?
Preferred Return is the cumulative Net IRR return, compounded monthly, of six percent (6.0%) per annum on an investor’s capital investment, after payment of all fees owed to First National Realty Partners LLC and its affiliates and subsidiaries. This return is calculated on a net basis, meaning it is after all fees including sponsor fees and other expenses incurred at both the fund and property levels. Preferred Returns will be paid in full before the sponsor or any of its affiliates receive payments for any promote interests.

6%

For definitions of key financial metrics, please click the purple question mark
?
icon next to each term.
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Why We're Investing

  • We believe the asset stands to benefit from the presence of a ShopRite shadow-anchor without the price premium typically associated with a grocery-anchored retail center. ShopRite is the #1 grocer by market share in the Philadelphia MSA.
  • Based upon the data available to us, we believe the ShopRite at Winslow Plaza is a strong performer. Sales are believed to exceed $750 per square foot, more than double the ACME store located across the street. At sales of $750 per square foot, the ShopRite health ratio is believed to be below 3%, signaling a very profitable store.
  • ShopRite has invested approximately $1.5 million into this store since 2023, including enhancements to merchandise casing and fixtures, chillers, and cafĂ© equipment.

  • Winslow Plaza consists entirely of in-line tenants with 70% of leases containing contractual rent increases.

  • Tenants boast a weighted average tenure at the shopping center exceeding 13 years.

  • With only owned in-line tenants, there is no anchor risk, thus mitigating the potential for higher capital expenditures for concessions or re-leasing of the larger grocer space.

  • The shopping center caters to daily needs of customers with retailers and service providers in categories including convenience, beauty, medical, financial and food and beverage.

  • Winslow Plaza is located approximately 25 miles southeast of Downtown Philadelphia.
  • 3-mile population density exceeds 61,000 residents with average household incomes of over $122,000. (Source: Sites USA)
  • The asset is situated on Berlin-Cross Keys Road, near the Atlantic City Expressway and within a regional trade area that is home to Target and Lowe’s Home Improvement stores.

  • The in-place weighted average rent per square foot for in-line tenants below 2,400 square feet is below $19.00 NNN today. FNRP believes if tenants vacate, many of the spaces may be re-leased between $20-$25 per square foot NNN.

  • Approximately half of the leases have fixed rate renewal options. For the tenants without fixed rate options, FNRP has the potential to increase current rents to market rates at lease renewal.

Joseph Palermo
Your Personal Investor Relations Associate
Joseph Palermo
emailir@fnrpusa.com
phone+1 (631) 309-2612
sms+1 (631) 309-2612
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winslow plaza
winslow plaza

NOTE: Cash distributions and any specific returns are not guaranteed. An investment in commercial real estate is subject to risk, including the risk that all of your investment may be lost. Any representations concerning investing in commercial real estate, including, without limitation, any representations as to stability, diversification, security, resistance to inflation and any other representations as to the merits of investing in commercial real estate reflect our belief concerning the representations and may or may not come to be realized. The ability to make distributions or the amount of distributions may be affected by factors such as debt and lender restrictions, future capital expenditure needs, and financial performance of the property.

This webpage is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation of an offer to buy any securities, which offer may be made only at the time a qualified offeree receives a current Confidential Offering Memorandum relating to a proposed investment opportunity.

As of 9/4/2025

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Winslow Plaza

542 Berlin-Cross Keys Road
Sicklerville, NJ

“…In my experience in working with FNRP, I have seen a genuine desire to build trust and forge partnerships with all stakeholders through their transparency and integrity…”

Richard H.

Investor

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