Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease Strong Hedge Against Inflation | Attractive Rental Increases of Three Percent (3%) Annually Starting in Year 3
- Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years
- Strong Demographics| Population Exceeds 271,800 Within a Five-Mile Radius and 994,650 Individuals Within a Ten-Mile Radius
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Swiss Farms, a subsidiary of Farm Stores, located at 730 South Chester Road in Swarthmore, PA. The site consists of roughly 910 rentable square feet of building space on estimated 0.21-acre parcel of land.
The Swiss Farms property is subject to a brand new 20-year triple-net (NNN) lease, which commenced May of 2020. The initial annual rent is $102,837 and will increase by three percent (3%) annually starting in year three, throughout the term of the lease and in each option period. There are two (2), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.
Broker of Record
Sean Beuche
License: RM424190
Marcus & Millichap Real Estate Investment Services of Seattle, Inc.
