Farm Stores West Chester,Pennsylvania

$1,273,000
Closed Single-Tenant

The space

  • Price: $1,273,000
  • Cap Rate: 6.00%
  • Annual Rent: $76,376
  • Guarantor: Holstein & Penn, LLC
  • Lease Term Remaining: 20 Years
  • Lease Type: NNN
  • Rental Increases: 3% Annually
  • Lease Expiration: 12/31/2040

Description

1596 Paoli Pike
West Chester, PA 19380

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net Lease
  • Strong Hedge Against Inflation | Attractive Rental Increases of Three Percent Annually
  • Two, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years
  • Corporate Guarantee | Farm Stores Franchising, LLC
  • Farm Stores is America’s Largest and Oldest Drive-Thru Convenience Store –COVID Proof Retail
  • A Hybrid Grocery Store, Bakery and Restaurant with a Double Drive-Thru, Which Makes Farm Stores Concept One-Of-a-Kind

 

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 lease, which commenced December of 2020. The initial annual rent is $76,376 and will increase by three percent annually, throughout the term of the lease and in each option period. There are two, five-year tenant renewal options, extending the total possible lease term to 30 years.


BROKER OF RECORD

Sean Beuche

Marcus & Millichap

License: RM424190

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