Auto Service - Gas-Conv

Royal Farms

2 S. Whitehorse Pike, Berlin, NJ 08009

Listing Price: $6,190,000

Cap Rate
5.25%
Tenant Name
Royal Farms
Years Remaining On Lease
10.9
Guarantor
Corporate Guarantee
Rentable SF
5,371
Lease Type
NNN Ground Lease
Rent Per Square Feet
$60.51

Investment Overview

Essential Retail | Convenience stores are deemed an essential business and are considered recession proof tenants as over half of convenience stores have seen an increase in sales in the current health crisis per the National Association of Convenience Stores (NACS)

Investment Highlights

  • Long Term Corporate Lease with (19) Years Remaining on Term
  • Absolute Triple Net (NNN) Ground Lease with Zero Landlord Responsibilities
  • Significant Tenant Investment featuring (16) premium gas pumps and state-of-the-art convenience store
  • Essential Retailer in which Tenant has been open and operating
  • Attractive Rental Increases of Ten Percent (10%) in Year 11 & every Option Period
  • Primary Retail Thoroughfare l Surrounded by National Tenants such as Walmart, Chick-Fil-A, McDonald's, CVS, Home Depot, Shop Rite, AutoZone, Advance Auto Parts, Wawa, USPS, & Meineke
  • Highly Trafficked Location l Royal Farms at the intersection of S. White Horse Pike & Berlin Cross-Keys Road with a combined vehicle count in excess of 43.5K cars/day
  • Chain Overview | Royal Farms has over 210 convenience store gas station locations in Maryland, Virginia, Delaware, & Pennsylvania

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Vice President / District Manager

    License(s): NJ: 1434917

    New Jersey

Listing Price: $6,190,000

Cap Rate
5.25%
Tenant Name
Royal Farms
Years Remaining On Lease
10.9
Guarantor
Corporate Guarantee
Rentable SF
5,371
Lease Type
NNN Ground Lease
Rent Per Square Feet
$60.51

Investment Highlights

  • Long Term Corporate Lease with (19) Years Remaining on Term
  • Absolute Triple Net (NNN) Ground Lease with Zero Landlord Responsibilities
  • Significant Tenant Investment featuring (16) premium gas pumps and state-of-the-art convenience store
  • Essential Retailer in which Tenant has been open and operating
  • Attractive Rental Increases of Ten Percent (10%) in Year 11 & every Option Period
  • Primary Retail Thoroughfare l Surrounded by National Tenants such as Walmart, Chick-Fil-A, McDonald's, CVS, Home Depot, Shop Rite, AutoZone, Advance Auto Parts, Wawa, USPS, & Meineke
  • Highly Trafficked Location l Royal Farms at the intersection of S. White Horse Pike & Berlin Cross-Keys Road with a combined vehicle count in excess of 43.5K cars/day
  • Chain Overview | Royal Farms has over 210 convenience store gas station locations in Maryland, Virginia, Delaware, & Pennsylvania

Investment Overview

Essential Retail | Convenience stores are deemed an essential business and are considered recession proof tenants as over half of convenience stores have seen an increase in sales in the current health crisis per the National Association of Convenience Stores (NACS)

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Vice President / District Manager

    License(s): NJ: 1434917

    New Jersey

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