Royal Farms

29 Grapevine Road | Martinsburg, WV

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Stats

$3,740,000

Asking Price

5.0%

Cap Rate

$187,000

NOI

NNN

Lease Type

Investment Highlights

Corporate guaranteed lease with the parent of Royal Farms (Two Farms, Inc.) who operates 300+ stores

Royal Farms paid for all land use approvals, site design, site improvements, building and fuel construction

High visibility and excellent ingress and egress which short stops traffic entering Martinsburg

10% increases every five years during the base term and throughout the option periods
Signalized intersection with 36,000+ combined VPD at the intersection of Route 9 and Grapevine Road Location includes diesel truck stations with a separate entrance and three dispenser configurations

The site has a separate entrance for trucks to access the three diesel fuel dispenser stations

16+ year absolute NNN lease with zero landlord responsibilities

Location Map

Team

Jonathan Hipp

Jonathan Hipp

Principal, Head of U.S. Net Lease
Avison Young
571 787 4725
Richard Murphy

Richard Murphy

Senior Vice President
Avison Young
571 449 8234
Tim Farrell

Tim Farrell

Senior Associate
Avison Young
571 723 2246