3315 Concord Rd
York, PA 17402
Royal Farms · Retail Property For Sale

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Royal Farms property located on Concord Rd in York, Pennsylvania. This property is currently under construction and will assume a new 20 year, NNN ground lease with zero landlord responsibilities once open. This site features high-end new construction, all at the tenant’s cost, ensures their long-term occupancy at this site. There are 10% rental increases every 5 years, beginning in year 11 and in each of the six, five year options to renew. The lease is corporately guaranteed by Royal Farms, an expanding tenant with 210+ Mid-Atlantic locations. The subject property is located just 55 miles from corporate headquarters in Baltimore. Royal Farms is ideally located at the intersection/interchange of US Hwy 30 and Rte. 24 with combined traffic counts over 69,000 vehicles per day. The site is part of a new retail development that includes traffic generating/complimentary tenants such as Burger King and Mattress Warehouse. Royal Farms is also situated within the main retail corridor across from the York Town Center and surrounded by national tenants that include Walmart, Target, Sam’s Club, Chick-fil-a, McDonald’s, DICK's Sporting Goods, Best Buy, Chipotle, Ross and Ulta to name a few. The York Galleria Mall is located 1 mile from the site, which is anchored by Boscov's and the future home of Hollywood Casino, a proposed 79,300 square foot redevelopment on the ground floor of the recently closed Sears. The Casino will draw customers from Dauphin County and Maryland. This is an ideal location for Royal Farms as its situated at the signaled intersection of Route 24 and Concord Road, with multiple points on ingress and egress as well as traffic counts exceeding 24,000 vehicles per day. The area is also supported by strong demographics with a population density over 128,000 in the five mile ring and average household incomes ranging from $71,000 to $79,000. This NNN ground lease coupled with a successful tenant with site commitment in a popular retail area offers the ideal investment for the astute investor.