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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

Cap Rate
4.90%
Tenant Name
Royal Farms
Years Remaining On Lease
16.4
Guarantor
Corporate Guarantee
Rentable SF
5,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$70.00

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.

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

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

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

    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.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

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

    Washington, D.C.

Auto Service - Gas-Conv

Royal Farms | 17-Years Remaining | Washington D.C. MSA | Immense Traffic Counts of 78k+

Listing Price: $7,142,857

Cap Rate
4.90%
Tenant Name
Royal Farms
Years Remaining On Lease
16.4
Guarantor
Corporate Guarantee
Rentable SF
5,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$70.00

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.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

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

    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.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

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

    Washington, D.C.

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