Tag: Royal Farms

Tenant Profile – Royal Farms

Since 1959, Royal Farms convenience stores have been serving Baltimore’s demand for a “one-stop shop” where customers can stock up on food and beverages while they refill their cars with gas. Over the last sixty years, behind its world famous fried chicken, chicken sandwiches, and western fries, Royal Farms has secured its place as one of the most popular retail convenient stores in the Mid-Atlantic region. The company now operates more than 200 stores throughout Maryland, Delaware, Pennsylvania, New Jersey, and Virginia. Royal Farms is a privately-owned company headquartered in Baltimore, Maryland.…

Amanda WillisTenant Profile – Royal Farms

Outside the Region: Hipp of Calkain Cos. and Wenig of AvisonYoung broker $4.1 million sale

nyrej.com

Elkridge, MD Jonathan Hipp, president and CEO at Calkain Cos. completed the sale of the newly built Royal Farms convenience store at 7136 Montevideo Rd. Hipp represented a local developer in the disposition of this 20-year NNN ground lease in a $4.1 million sale.

Avison Young’s Net Lease Investment Sales Group led by Asher Wenig represented the buyer.

“We executed a favorable deal for our client, achieving a 5.12% cap rate. The new 20-year lease structure with multiple renewal options demonstrated the tenant’s commitment to the site.  With the corporate-backed guarantee on the lease it was an attractive investment – …

Amanda WillisOutside the Region: Hipp of Calkain Cos. and Wenig of AvisonYoung broker $4.1 million sale

Calkain’s Hipp Completes $4.1M Sale of Single Tenant Net Leased Royal Farms in Elkridge, Maryland

NNN Ground Lease at 7136 Montevideo Road in Elkridge, MD

Herndon, VA – Jonathan Hipp, President & CEO at Calkain Companies, recently completed the sale of the newly built Royal Farms convenience store at 7136 Montevideo Road in Elkridge, Maryland.  Hipp represented a local developer in the disposition of this 20-year NNN ground lease in a $4,100,000 sale.…

Traci BidingerCalkain’s Hipp Completes $4.1M Sale of Single Tenant Net Leased Royal Farms in Elkridge, Maryland