Updated Aug 13, 2026
Ocean State Job Lot Acquires Retail Asset From Klein Group In Fairless Hills For $23.6M
500 Lincoln Highway
$23,600,000
Units
190,001
Asset Type
Retail
Closing
Feb 21, 2025
About this deal
AI
The property asset involved in this transaction is a retail property located at 500 Lincoln Highway in Fairless Hills, PA. The asset encompasses a total of 190,001 square feet and was sold for $23,600,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $23,600,000.00
- Address: 500 Lincoln Highway
- Market: Fairless Hills, PA
- Units: 190,001
- Buyer: Ocean State Job Lot
- Seller: Klein Group
The transaction was executed on the date of 02/21/2025, reflecting the commitment of the involved parties to facilitate this sale. Ocean State Job Lot acted as the buyer while Klein Group was the seller in this deal.
On the Map
$23,600,000
Retail
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Players
Fairless Hills Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93