Front Royal, VA — KLNB announced the disposition of a newly constructed Royal Farms in Front Royal. The 5,166 s/f single tenant net lease property is located at corner of US Rte. 340/US Rte. 522 and Overlook View Dr. The offering is an absolute net ground lease, consisting of a recently executed 20-year ground lease with six, five-year options and favorable increases through the primary term and each option thereafter. Peter Snell, director of KLNB’s Single Tenant Net Lease Group, is leading the disposition.
Snell said, “The Royal Farms is a prime opportunity for an investor with a 1031 exchange. This property has a long term lease and national, synergistic retailers as neighboring tenants. Incremental increases throughout the primary term and each option period allow for a great hedge against inflation.”