Royal Farms
Free Standing Convenience Store With Gas Pumps
Property Details
- Freestanding 5,166 SF Convenience Store with Gas Pumps
- Brand new construction, opened in December 2017
- Site sits on approximately 4.44 acres with ±74 parking spaces
- Located at a signalized intersection on US Route 322 (Horseshoe Pike) just off Highway US Route 30 Interchange with Route 322
- Property is in walking distance of Downingtown High School West Campus, and approximately 1 mile from the center of Downingtown Borough
Investment Highlights
- Price: $5,500,000
- Cap Rate: 5%
- NOI: $275,000.00
- 19+ years remaining on primary term, with options extending an additional 30 years
- 10% Rental increases every five years beginning in year 11
- Ground Lease – Absolutely no Landlord Responsibilities
- Royal Farms Corporate Guarantee; Over 188 locations in the Mid-Atlantic Region of Maryland, Delaware, Virginia, Pennsylvania and New Jersey
Contact
Stuart Conston
484.417.2205
sconston@equityretailbrokers.com
Ed Ginn
484.417.2201
eginn@equityretailbrokers.com
Property Location
Royal Farms
5031 Horseshoe Pike
Downingtown, PA 19335