Miscellaneous

Farm Stores

1596 Paoli Pike, West Chester, PA 19380

Listing Price: $1,273,000

Cap Rate
6.00%
Tenant Name
Holstein & Penn, LLC
Years Remaining On Lease
19.9
Gross SF
1,358
Guarantor
Corporate Guarantee
Rentable SF
1,358
Price/Gross SF
$937.41
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.24

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Farm Stores, a subsidiary of Farm Stores, located at 1596 Paoli Pike in West Chester, PA. The site consists of roughly 1,358 rentable square feet of building space on estimated 0.64-acre parcel of land.

The Farm Stores property is subject to a brand new 20-year triple-net (NNN) lease, which commenced December of 2020. The initial annual rent is $76,376 and will increase by three percent (3%) annually, throughout the term of the lease and in each option period. There are two (2), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease Strong Hedge Against Inflation
  • Two, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 years
  • Corporate Guarantee | Farm Stores Franchising, LLC

Broker of Record

  • Sean Beuche

    Regional Manager

    License(s): PA: RM424190

    Pennsylvania

Listing Price: $1,273,000

Cap Rate
6.00%
Tenant Name
Holstein & Penn, LLC
Years Remaining On Lease
19.9
Gross SF
1,358
Guarantor
Corporate Guarantee
Rentable SF
1,358
Price/Gross SF
$937.41
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.24

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease Strong Hedge Against Inflation
  • Two, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 years
  • Corporate Guarantee | Farm Stores Franchising, LLC

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Farm Stores, a subsidiary of Farm Stores, located at 1596 Paoli Pike in West Chester, PA. The site consists of roughly 1,358 rentable square feet of building space on estimated 0.64-acre parcel of land.

The Farm Stores property is subject to a brand new 20-year triple-net (NNN) lease, which commenced December of 2020. The initial annual rent is $76,376 and will increase by three percent (3%) annually, throughout the term of the lease and in each option period. There are two (2), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.

Broker of Record

  • Sean Beuche

    Regional Manager

    License(s): PA: RM424190

    Pennsylvania

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