Swiss Farms Swarthmore,Pennsylvania

$1,713,957
Property type:Single-Tenant Net Lease

The space

  • Purchase Price: $1,713,957
  • Annual Rent: $102,837
  • Original Lease Term: 20.0 Years
  • Lease Expiration: 5/31/2040
  • Lease Type: Triple-Net (NNN)
  • Year Built: 1969
  • Building Size: 910 SF
  • Lot Size: +/-0.21 Acres

Description

730 South Chester Road
Swarthmore, PA 19081

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.

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