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Christina Crossing

501 S. Walnut St., Wilmington, DE 19801

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Christina Crossing is an institutional quality, 119,446 SF grocery-anchored shopping center that boasts a 96% occupancy rate and the potential to offer stable cash flows with upside.

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Due Diligence Documents

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Due Diligence Documents

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Financial Targets

$29.8M

Purchase Price

5 Year

Targeted Hold Period

12.0-12.5%

Targeted Net IRR1

1.7x-1.8x

Targeted Net Equity Multiple2

6.0-6.3%

Stabilized Cash-on-Cash Return3

“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. Cash distributions are not guaranteed.

Why We're Investing

  • Market-Dominant Grocer with Strong Sales

    ShopRite is the leading grocer by market share in the Delaware Valley and this location has consistently ranked as one of the the top two highest-trafficked grocery stores out of 82 total grocers in the State of Delaware.

  • Top 10 MSA by Population

    The center is located in Downtown Wilmington, DE, part of the Philadelphia MSA, one of the most populous markets in the country.

  • In-Fill Location w/ High Barriers To Entry

    The site is situated within a mixed-use, master planned community known as Riverfront East with over 4,200 residential units and 1.9M SF of commercial space planned for development.

  • Sources of Value Creation

    Ability to add value and grow NOI via replacement of mid-box tenants paying below-market rents as well as lease-up of currently vacant space. Additional upside not underwritten includes potential for longer-term ShopRite renewal as well
    as exploring outparcel opportunities.

Property Photos

Map

FNRP Track Record

$2B+

Assets Under Management

60+

Current Assets
Held

$100M+

Total Investor Distributions
Since Inception

23

Current States
Present

2600+

Investors

12M+ SF

GLA Acquired Since
Inception

All amounts are as of 8/28/2023.

Viewed by 8775 Investors

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Questions?

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  1. 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.
  2. 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.
  3. Targeted Stabilized Cash-on-Cash is targeted annual cash flow return on invested equity once business plan is achieved. Underwritten Cash-on-Cash returns during the first three years of ownership are projected at 4.1%, 5.4% and 5.3%, respectively. 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 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.
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; to include 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.
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Invest in

Christina Crossing

501 S. Walnut St.
Wilmington, DE 19801

“…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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