NEW CONSTRUCTION | 20-YEAR NNN LEASE

Royal Farms

Rustburg, Virginia

Download Offering Memorandum

Stats

$3,000,000

Asking Price

5.0%

Cap Rate

$150,000

NOI

NNN

Lease Type

Heighlights

New construction, new market format C-Store and fuel operations site with 19.5 year ground lease and no landlord responsibilities. Store expected to open June 2024

Site located just outside Lynchburg includes separate diesel canopy for trucks and is anticipated to include 12 Tesla superchargers

Tenant responsible for all site work costs estimated at over $1 million plus the costs of the fuel operations and convenience store

Excellent visibility with easy access off a major highway (Route 29) with 20,000+ vehicles per day
Campbell County has received phases of site plans for projects totaling 400+ residential units in the immediate area of the property

Lease is with corporate parent of Baltimore based Royal Farms (Two Farms, Inc.) who operates 300+ stores

Minimal local area competition from similar new market format C-Store fuel operations providers (e.g. WAWA, Sheetz…)

Location Map

Team

Jonathan Hipp

Jonathan Hipp

Principal, Head of U.S. Net Lease
Avison Young
571 787 4725
Timothy Hall

Timothy Hall

Principal
Avison Young - US - DC - Washington DC
202 249 6291
Tim Farrell

Tim Farrell

Senior Associate
Avison Young
571 723 2246
Richard Murphy

Richard Murphy

Senior Vice President
Avison Young
571 449 8234