Grocery Store
Giant | $1M Price Reduction! | Near Penn State | Freestanding Giant Location
2699 Benner Pike, Bellefonte, PA 16823
Listing Price: $11,280,000
Investment Overview
The Tenant, The Giant Company, LLC, is subject to a 20-year NNN ground lease with 10 percent rental increases every five years during the base term and eight, five-year option periods. This provides steady NOI growth and a hedge against inflation, while the rental rate of $12-per-square-foot provides immense security to the investor. The tenant at its sole cost and expense constructed a 45,050 square-foot building and fueling station which is estimated to cost $10,000,000.
Exclusively Listed By
Broker of Record
-
Timothy B. Stephenson Jr.
Associate Regional Manager
Financing By
Grocery Store
Giant | $1M Price Reduction! | Near Penn State | Freestanding Giant Location
Listing Price: $11,280,000
Investment Highlights
- New 20-Year NNN Ground Lease with 10% Increases Every Five Years
- Dominant Grocer in Central PA with 54% Market Share
- Healthy Store Sales Whisper Available; Fueling Station and Beer & Wine Sales
Investment Overview
The Tenant, The Giant Company, LLC, is subject to a 20-year NNN ground lease with 10 percent rental increases every five years during the base term and eight, five-year option periods. This provides steady NOI growth and a hedge against inflation, while the rental rate of $12-per-square-foot provides immense security to the investor. The tenant at its sole cost and expense constructed a 45,050 square-foot building and fueling station which is estimated to cost $10,000,000.
Exclusively Listed By
Broker of Record
-
Timothy B. Stephenson Jr.
Associate Regional Manager
Financing By
