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DOM: 1 Updated: 06.13.25 Posted: 06.13.25 Status: Active

Summary

Price $3,740,000
Built/Renov 2021
Tenant Royal Farms
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 16,000
Lease Start 10-07-2020
#Units 300
Price/SF $233.75
Expiration 04-30-2041
Tenant Type Convenience/Gas
NOI $187,000
R. Term 15.10
Ownership Ground Lease
Rent/SF $11.69
Increases 10.0%/5/yrs
Pop 5Mi 60,816
Lot/AC 2.48
Options 2/10yrs/10%
AHHI 5Mi $88,748

Highlights

  • Royal Farms has 15+ years remaining on the current lease term with 2 - 10 year options to extend
  • The ground lease features 10% every five years during base term and options
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate-guaranteed lease backed by Two Farms, Inc., the parent company of Royal Farms, which operates over 300 stores

Location Description

This property is strategically located at the signalized hard-corner intersection of Grapevine Road and Charles Town Road, with access to 40,000 vehicles passing by daily. It features excellent ingress and egress, including dedicated truck access to three diesel fuel dispensers. Situated in Martinsburg, WV—a fast-growing community known as a “Two-Tank Town” due to the weekly fuel consumption...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Royal Farms
  • Guarantor:Corporate
  • Company:Two Farms, Inc.
  • # Units:300

About Tenant

Royal Farms is a privately held convenience store and gas station chain headquartered in Baltimore, Maryland, operating over 275 locations across the Mid-Atlantic region, including Maryland,...


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Listing Broker

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