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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

Tenant Name
Royal Farms
Years Remaining On Lease
19.0
Guarantor
Corporate Guarantee
Rentable SF
1
Lease Type
NNN Ground Lease
Rent Per Square Feet
$175,000.00

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.

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

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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

Tenant Name
Royal Farms
Years Remaining On Lease
19.0
Guarantor
Corporate Guarantee
Rentable SF
1
Lease Type
NNN Ground Lease
Rent Per Square Feet
$175,000.00

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.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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