Forestville, MD - Royal Farms

Description:

• More than 13 years remaining on the initial 20-year ground lease
• The lease features 10% rental increases every five years during the primary term, beginning in 2029 (Year 11 of the lease), and at the start of each option
• Corporate guaranty
• 4 (5-year) options to extend, demonstrating long-term commitment to the site

• Royal Farms is located at the signalized, hard corner intersection of Pennsylvania Avenue and Donnell Drive with a combined 82,600 vehicles passing by daily
• Positioned within a dense retail and commuter corridor
• Surrounding shopping centers include Centre at Forestville (463K+ SF) and Penn Mar Shopping Center (387K+ SF)
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover synergy for this site
• The asset benefits from excellent visibility and convenient access

---

Report Listing This listing was syndicated through:

Listing ID: a288X000003lxtbQAA