Auto Service - Gas-Conv
Royal Farms with Car Wash | 19+ Years Remain | Washington, D.C. MSA | 1.8+ Acre Parcel
914 Berryville Ave, Winchester, VA 22601
Listing Price: $4,375,000
Investment Overview
The Tenant, Two Farms, Inc., doing business as Royal Farms, is subject to a 20-year term NNN ground lease that commenced in May 2021. The lease features 10 percent rental increases every five years during the base term and six, five-year option periods. The Tenant made a significant investment of $3 million to construct the building and the site’s improvements. The Property offers exceptional collateral and residual value, enhancing the safety and security of this investment.
Auto Service - Gas-Conv
Royal Farms with Car Wash | 19+ Years Remain | Washington, D.C. MSA | 1.8+ Acre Parcel
Listing Price: $4,375,000
Investment Highlights
- Newer 20-Year Corporate Ground Lease
- 10 Percent Increases Every 5 Years
- High Residual Value with Significant Tenant Investment in Improvements on Nearly 2-Acres; Includes Car Wash
Investment Overview
The Tenant, Two Farms, Inc., doing business as Royal Farms, is subject to a 20-year term NNN ground lease that commenced in May 2021. The lease features 10 percent rental increases every five years during the base term and six, five-year option periods. The Tenant made a significant investment of $3 million to construct the building and the site’s improvements. The Property offers exceptional collateral and residual value, enhancing the safety and security of this investment.
