399 Bristol Pike

Highlights:

• - Drive-thru QSR / Convenience Investment Property with Wells Fargo ATM (NYSE: WFC)
• - Subject Property located 14 Miles from downtown Philadelphia
• - Strong daytime employment statistics with more than 82,700 employees within a 5-mile radius of subject property
• - Philadelphia PA: the 6th largest city in the United States by population with more than 1.5 million residents
• - the Delaware Valley is the seventh-largest MSA in the United States with more than 6.2 Million residents and includes Philadelphia PA, Camden NJ, and Wilmington DE
• - Freestanding parcel with Double Drive-Thru and rare dedicated parking lot with 33 spaces
• - New long term NNN Leases with Checkers and Clover Mart
• - Absolute NNN Lease with Wells Fargo ATM
• - Brand New 2024 Construction/Renovation
• - Checkers: drive-thru Burger QSR brand Checkers & Rally’s has more than 792 locations across the United States
• - Clover Mart: local convenience store brand with vape and tobacco products
• - Wells Fargo (NYSE: WFC): the world’s 45th most valuable company by market cap ($236.6B)

Description:

Pennsylvania Broker of Record - BRIAN BROCKMAN - License No. RM432816

Faris Lee Investments is pleased to present the rare opportunity to acquire the fee simple interest in a brand new, double drive-thru, net leased investment property in Croydon, Pennsylvania. The subject property is less than 14 miles from downtown Philadelphia, the 6th largest city in the United States. Checkers and Clover Mart will commence fresh 15-year leases with 10% rental increases occurring every 5 years during the lease term. This brand-new property has minimal landlord responsibilities, which makes the asset an ideal investment opportunity for passive investors. And with multiple tenants across different business categories, this property offers a diverse income stream.

To summarize the tenant mix: Checkers and Rally’s Drive-In, a nationally recognized drive-thru QSR brand, has more than 792 locations across the United States and 40+ years of operations. While their menu focuses on combo meals featuring burgers, chicken, and various sandwiches from the grill, Checkers & Rally’s french fries are world-renowned. Clover Mart is a local convenience store offering snack and drink items, in addition to vape and tobacco products. Wells Fargo (NYSE: WFC) has become the world’s 45th most valuable company by market cap ($240 Billion) and has more than 11,000 ATM locations across the United States.

Croydon, Pennsylvania, is a small, unincorporated community situated in Bucks County, approximately 15 miles northeast of Philadelphia. Known for its suburban charm, Croydon is bordered by the Delaware River to the east and is part of the Bristol Township. The area offers a blend of residential, commercial, and recreational spaces, making it an appealing location for families, professionals, and retirees alike.
Residentially, Croydon features a variety of housing options, including single-family homes, townhouses, and apartments, with tree-lined streets and well-maintained properties. The neighborhood exudes a peaceful atmosphere, with a mix of older, more established homes alongside newer developments. The community is also home to several parks, including the nearby Neshaminy State Park, offering residents green space for outdoor activities such as hiking, fishing, and picnicking.
Croydon benefits from its prime location with easy access to major highways such as Interstate 95 and the Pennsylvania Turnpike, providing quick routes into Philadelphia, Princeton, and New Jersey. For those who prefer public transportation, the Croydon SEPTA train station connects the area to Philadelphia’s transportation network, making it an ideal spot for commuters.
The local school system, Bristol Township School District, serves Croydon residents, with several schools nearby, contributing to its appeal for families with children. The area also features a range of local businesses, from shops and restaurants to grocery stores and service providers, giving residents convenient access to everyday essentials.
With its combination of suburban tranquility and proximity to the larger metropolitan area, Croydon offers a balanced lifestyle. It’s ideal for individuals seeking a more affordable alternative to city living, while still enjoying the benefits of easy access to Philadelphia’s urban amenities. The community’s small-town feel, combined with its accessibility and amenities, make Croydon a desirable place to live for many.