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29 Grapevine Rd 16,000 SF Retail Building Martinsburg, WV 25405 $3,740,000 ($233.75/SF) 5% Cap Rate
Executive Summary
- Corporate guaranteed lease with the parent of Royal Farms (Two Farms, Inc.) who operates 300+ stores
- Royal Farms paid for all land use approvals, site design, site improvements, building and fuel construction
- High visibility and excellent ingress and egress which short stops traffic entering Martinsburg
- 10% increases every five years during the base term and throughout the option periods
- Signalized intersection with 40,000+ combined VPD at the intersection of Route 9 and Grapevine Road
- The site has separate entrances for trucks to access the three diesel fuel dispensers
- 16+ year absolute NNN lease with zero landlord responsibilities
- Royal Farms paid for all land use approvals, site design, site improvements, building and fuel construction
- High visibility and excellent ingress and egress which short stops traffic entering Martinsburg
- 10% increases every five years during the base term and throughout the option periods
- Signalized intersection with 40,000+ combined VPD at the intersection of Route 9 and Grapevine Road
- The site has separate entrances for trucks to access the three diesel fuel dispensers
- 16+ year absolute NNN lease with zero landlord responsibilities
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
16,000 SF
Building Class
C
Year Built
2021
Price
$3,740,000
Price Per SF
$233.75
Cap Rate
5%
NOI
$187,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.48 AC
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29 Grapevine Rd
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