An upscale, open-air life style center located in Burlington County, New Jersey, The Promenade at Sagemore enjoys a prime location with nearly one mile of frontage on Route 73 in Marlton. The Promenade is a 265,000 square foot center offering its customers high-end stores and a selection of casual and sit-down dining alternatives.
It is located in an area heavily populated with affluent South Jersey residents with an added benefit
of being in an enormously appealing residential growth area for the same consumer. The Promenade is
easily accessed by all major highways in Southern New Jersey and is just fifteen minutes from Philadelphia.
Cherry Hill, Moorestown, Haddonfield, Medford Lakes and Voorhees, attractive and desirable communities
that are part of the primary trade area.
The market demographics rival King of Prussia, Pennsylvania, and Short Hills, Paramus, and Bridgewater,
New Jersey. Population and average household income are on the rise with 153,400 people with a $85,780
average household income within a 5-mile radius and with 10 miles, 602,000 people with $67,000 average
household income. The average age of the customer is 36.
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LOCATION:
Intersection at Routes 73 & 70
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REGIONAL ACCESS:
3-1/2 miles south of NJ Turnpike on
Rte. 73; 3-3/4 miles east of I-295
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TYPE OF CENTER:
Open air life style center
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TOTAL PROJECT:
265,295 square feet
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PARKING:
1,242 cars
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NUMBER OF STORES:
51
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TOTAL TRADE AREA POPULATION:
153,400
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AVERAGE HOUSEHOLD INCOME:
$85,780
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TOTAL HOUSEHOLDS:
54,470
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MEDIAN AGE:
36.3
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