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431 Fort Loudon Rd
Mercersburg, PA 17236
Food Lion · Retail Property For Sale
PROPERTY FACTS
About 431 Fort Loudon Rd , Mercersburg, PA 17236
CBRE is pleased to exclusively present for sale this Food Lion property situated on over 4 acres in Mercersburg, Pennsylvania. This double net lease has 12 years remaining on its initial 20 year lease. There are also six, five year options to renew with 5% rental increases. The lease is corporately guaranteed by Ahold Delhaize, rated Baa2 by Moody's. Food Lion recently expanded this location by 9,000 square feet at its own cost, showing strong commitment to this site. There are limited full service grocery stores within a 3-5 mile radius of this subject property, making this a convenient and go to store for nearby residents. Food Lion has a healthy rent to sales ratio of 2.4%, with above average sales at $408 per square foot, the average for Delhaize America being $370 per square foot. Nearby retail tenants include McDonald's, Dollar General and First National Bank. Situated on Fort Loudon Road, Food Lion has excellent access and visibility for the 2,800 vehicles traveling by daily.
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PROPERTY TAXES
Parcel Number | 14-3A01-006-000000 | Improvements Assessment | $278,100 |
Land Assessment | $8,720 | Total Assessment | $286,820 |
PROPERTY TAXES
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Listing ID: 10952819
Date on Market: 12/13/2017
Last Updated:
Address: 431 Fort Loudon Rd, Mercersburg, PA 17236