SINGLE TENANT TURKEY HILL GAS STATION & C-STORE
Hereford, PA
The Opportunity
Summary
- ADDRESS: 3664 Seisholtzville Rd Hereford, PA
- ASKING PRICE: $2,180,000
- CAP RATE: 5.50%
- NOI: $119,880
- LEASE TYPE: NNN Ground Lease
- TENANT: TH Minit Markets, LLC
- BLDG SIZE: 4,712 SF
- PARCEL SIZE: 1.42 Acres
- YEAR BUILT: 1975
- REMAINING LEASE TERM: 12.8 Years
- OPTIONS: Six (6), Five (5) Year Options
- INCREASES: 8% Every Five Years
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.
