8012 Chestnut St - Freestanding FOR SALE


Hereford, PA 18056
$2,180,000 USD
215-460-2603
8012 Chestnut St, Hereford, PA for Sale
$2,180,000 USD
Freestanding - FOR SALE
1/10
null | 5.5% Cap Rate

8012 Chestnut St
Hereford, PA 18056


HIGHLIGHTS

  • LONG TERM NNN GROUND LEASE FEATURING RENTAL INCREASES
  • SIGNALIZED CORNER LOCATION WITH STRONG VISIBILITY
  • CORPORATE GUARANTY
  • AFFLUENT, HIGH-INCOME TRADE AREA
  • READING MSA ACCESS & REGIONAL CONNECTIVITY

OVERVIEW

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Turkey Hill, (the "Property") in Hereford, Pennsylvania. Turkey Hill operates on a triple-net (NNN) ground lease with 12.5+ years of term remaining, offering investors a truly passive ownership structure with zero landlord responsibilities. The lease features scheduled 8% rental increases every five years, including throughout renewal options, providing consistent income growth. The Turkey Hill lease is backed by a corporate guaranty from EG Retail (America), LLC, a subsidiary of EG Group, which carries a credit rating of B (Fitch Ratings). This guaranty provides investors with the added security of a large, well-capitalized operator rather than a single-site entity. EG America operates approximately 1,500 locations and employs over 18,000 people nationwide, reflecting significant scale and operational infrastructure. The property commands a highly visible corner location at the signalized intersection of Seisholtzville Road and Chestnut Street, benefiting from combined traffic volumes of approximately 16,300 vehicles per day. This prominent positioning enhances accessibility, provides seamless ingress and egress, and maximizes brand exposure, driving consistent customer capture from multiple traffic patterns. Surrounding the site is a notably affluent consumer base, with average household incomes of approximately $131,000 within a 3-mile radius, $123,000 within 5 miles, and $118,000 within 1 mile. These strong demographics support elevated discretionary spending and create a favorable demand profile for convenience retail and fuel operators. Strategically located in Hereford, roughly 20 miles northeast of Reading, the property benefits from its inclusion in the Reading MSA, which encompasses all of Berks County and a population of approximately 440,000 residents. This positioning provides access to a broad and diverse regional consumer base.

FOR SALE DETAILS

PRICE

$2,180,000 USD

PRICE/SF

$463 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turkey Hill - Hereford, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

-

APN/PARCEL ID

52-6411-03-13-2655

ASK ABOUT THIS PROPERTY

James YiForged Real EstateMore Info
215-460-2603

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James YiForged Real EstateMore Info
215-460-2603

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