1825 Perryville Rd
Perryville, MD 21903
Land For Sale · 1.88 AC

The Feazell Commercial Group is pleased to present for sale a Royal Farms gas and convenient store located in Perryville Maryland. Built in 2016. Cap Rate is 4.5%.  Brand new 20 year absolute NNN ground lease began 5/1/17.  10% increases every 5 years after year 11.  (6) 5 year renewals at the end of the 20 year term each with 10% increases.  Located at the first light coming into Perryville from I-95!  Location is in front of Perryville Outlets and across from the Hollywood Casino.  The property consists of a freestanding building and a gas station with six dual gas pumps, situated on a 1.95-acre lot. Royal Farms is on a corporately guaranteed, Triple-Net (NNN) ground lease (no landlord responsibilities) with 16+ years remaining in their primary term and 6, five-year extension options. This Royal Farms gas and convenience store is located at the intersection of Perryville Rd and Reservoir Rd and has an average daily traffic count of 13,680 vehicles per day and is directly off the I-95 exit with over 77,000 vehicles per day. Major retail tenants and points of interest in close proximity include: Dennys,Taco Bell/KFC,Dunkin, Walgreens, Subway,Food Lion, and Hollywood Casino. The property's corporate guarantee and strategic location make this Royal Farms a very attractive long term investment opportunity.