Royal Farms
29 Grapevine Road | Martinsburg, WV
Stats
$3,740,000
Asking Price5.0%
Cap Rate$187,000
NOINNN
Lease TypeInvestment 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
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