Auto Service - Gas-Conv
Royal Farms | 17-Years Remaining | Washington D.C. MSA | Immense Traffic Counts of 78k+
3700 Donnell Dr, District Heights, MD 20747
Listing Price: $7,142,857
Investment Overview
The Tenant, Two Farms, Inc., doing business as Royal Farms, has 17 years remaining on a NNN ground lease with four, five-year renewal options. The lease features 10 percent rental increases every five years beginning in year 11, providing a hedge against inflation. The Tenant operates 24-hours per day and performs very well per Placer.ai geofencing data. The store ranks in the 74th percentile, 59th of 225 locations chainwide and 37th of 139 locations statewide, with 222,000 annual customer visits. Wawa is opening a store two-miles west on the opposite direction of traffic, providing further evidence of the desirability of this retail location.
Exclusively Listed By
Auto Service - Gas-Conv
Royal Farms | 17-Years Remaining | Washington D.C. MSA | Immense Traffic Counts of 78k+
Listing Price: $7,142,857
Investment Highlights
- Ten Percent Increases Every Five Years Beginning in Year 11
- Expanding Creditworthy C-Store/Fuel Operator with 24/7 Mid-Atlantic Locations
- Prominent 2.42-Acre Signalized Corner Parcel
Investment Overview
The Tenant, Two Farms, Inc., doing business as Royal Farms, has 17 years remaining on a NNN ground lease with four, five-year renewal options. The lease features 10 percent rental increases every five years beginning in year 11, providing a hedge against inflation. The Tenant operates 24-hours per day and performs very well per Placer.ai geofencing data. The store ranks in the 74th percentile, 59th of 225 locations chainwide and 37th of 139 locations statewide, with 222,000 annual customer visits. Wawa is opening a store two-miles west on the opposite direction of traffic, providing further evidence of the desirability of this retail location.
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