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Grocery Store

Giant | $1M Price Reduction! | Near Penn State | Freestanding Giant Location

2699 Benner Pike, Bellefonte, PA 16823

Listing Price: $11,280,000

Cap Rate
5.75%
Tenant Name
Giant
Years Remaining On Lease
19.1
Guarantor
Corporate Guarantee
Rentable SF
54,050
Lease Type
NNN Ground Lease
Rent Per Square Feet
$12.00

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.

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

Exclusively Listed By

  • Brad Nathanson

    Senior Managing Director Investments

    (215) 531-7005

    Email Brad

    License(s): PA: RS278775, NJ: 0674866

    Philadelphia

Broker of Record

  • Timothy B. Stephenson Jr.

    Associate Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Grocery Store

Giant | $1M Price Reduction! | Near Penn State | Freestanding Giant Location

Listing Price: $11,280,000

Cap Rate
5.75%
Tenant Name
Giant
Years Remaining On Lease
19.1
Guarantor
Corporate Guarantee
Rentable SF
54,050
Lease Type
NNN Ground Lease
Rent Per Square Feet
$12.00

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

  • Brad Nathanson

    Senior Managing Director Investments

    (215) 531-7005

    Email Brad

    License(s): PA: RS278775, NJ: 0674866

    Philadelphia

Broker of Record

  • Timothy B. Stephenson Jr.

    Associate Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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