Turkey Hill Gas Station & C-Store
Long Term Ground Lease with Rental Increases | 5.50% CAP | 4,712 SqFt
Marketing description
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.
Investment highlights
- LONG TERM NNN GROUND LEASE FEATURING RENTAL INCREASES - 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.
- SIGNALIZED CORNER LOCATION WITH STRONG VISIBILITY - The property occupies a highly visible corner position at the signalized intersection of Seisholtzville Road and Chestnut Street, benefiting from combined traffic counts of approximately 16,300 VPD. This high-exposure location enhances ingress/egress, maximizes brand visibility, and supports consistent customer capture from multiple traffic flows.
- CORPORATE GUARANTY - 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.
- AFFLUENT, HIGH-INCOME TRADE AREA - The property is situated within 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 above-average income levels support strong discretionary spending and provide a favorable demand profile for convenience retail and fuel operators.
- READING MSA ACCESS & REGIONAL CONNECTIVITY - The property is strategically located in Hereford, approximately 20 miles northeast of Reading, and 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 consumer base.
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