Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE
» 20-year NNN lease with 3% annual rental increases, providing an excellent hedge against inflation
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management, an Ideal opportunity for an out-of-area investor
» Very successful location with a proven customer base and strong sales history

HIGH-TRAFFIC LOCATION IN POPULATED AND AFFLUENT AREA
» Irreplaceable infill location along Kedron Avenue, which experiences a high traffic count of 15,761 vehicles per day
» Convenient access to Interstate 95 and Interstate 476 (combined 225,787 vehicles per day),
significantly increasing commuter visibility to the site
» Prime location in densely populated area, with 347,668 residents living within five miles of the property
» Average household income of $88,491 within one mile of the property

EXCELLENT LOCATION IN HIGH GROWTH MARKET NEAR COMMUNITY ATTRACTIONS AND HUBS
» Within five miles of eight major shopping centers with a combined 215 stores and 2.6 million SF of retail space, attracting foot traffic to the location
» Three miles from the Delaware River, which generates $22.5B in annual economic impact
» Five miles from Philadelphia International Airport (services 31.7 million annual passengers), greatly increasing visitor traffic to the site

UNIQUE DOUBLE DRIVE-THRU GROCERY STORE CONCEPT
» Farm Stores is a drive-thru convenience store, bakery and restaurant chain which sells the grocery and foodservice items that consumers purchase most frequently and delivers them in the most convenient way possible
» Stores are commuter-friendly and set up for people who need to pick up a few items on the way home from work, making Farm Stores a perfect fit for suburban areas
» Farm Stores focuses on convenient and fresh groceries with superior speed and convenience that appeals to Millennials and Gen Z shoppers
» 80% of Farm Stores customers are repeat customers, returning to the store at least weekly

Property Description

SOLD

The property has a strategic and irreplaceable infill location along Kedron Avenue, which experiences a high traffic count of 15,761 vehicles per day. The location benefits from its nearby proximity to MacDade Boulevard (19,8115 AADT) and maintains convenient access to Interstate 95 and Interstate 476, which experience a combined traffic count of 225,787 vehicles per day, significantly increasing commuter visibility to the site. The property is set in a prime location in a densely populated and affluent area, with 347,668 residents living within five miles of the property. The average household income within three miles of the location is a robust $88,491. The property is primed to grow along with the surrounding area, with a projected 17 percent average annual household income increase within three miles of the site in the next five years.

The property is surrounded by a strong mix of well-established local and national retailers, including Dunkin’, Sonic Drive-In, Chick-fil-A, Wendy’s, Planet Fitness, The Home Depot, and many more. The property is also within five miles of eight major shopping centers with a combined 215 stores and 2.6 million SF of retail space, attracting foot traffic to the location. Visibility to the location is greatly increased by its proximity three miles from the Delaware River, which generates $22.5 billion in annual economic impact from recreation, water quality and supply, ecotourism, forest, agriculture, open space, and port benefits. The site is also just five miles from Philadelphia International Airport, a major U.S. transit hub which services 31.7 million annual passengers, greatly increasing visitor traffic to the site.