29 Grapevine Rd - Convenience Store FOR SALE


Martinsburg, WV 25405
$3,740,000 USD
202-644-8700
29 Grapevine Rd, Martinsburg, WV for Sale
$3,740,000 USD
Convenience Store - FOR SALE
1/2
null | 5% Cap Rate

29 Grapevine Rd
Martinsburg, WV 25405


OVERVIEW

- 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

FOR SALE DETAILS

PRICE

$3,740,000 USD

PRICE/SF

$234 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.48 AC

LAND SF

108,029 SF

ZONING

-

APN/PARCEL ID

01-6-00090000

ASK ABOUT THIS PROPERTY

Tim FarrellAvison YoungMore Info
202-644-8700

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Tim FarrellAvison YoungMore Info
202-644-8700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.