Double DT Checkers C-Store & Wells Fargo | PA 399 Bristol Pike 3,419 SF 100% Leased Retail Building Croydon, PA 19021 $3,908,576 CAD ($1,143.19 CAD/SF) 6% Cap Rate

Pennsylvania Broker of Record - BRIAN BROCKMAN - License No. RM432816
Faris Lee Investments is pleased to present the rare opportunity to acquire the fee simple interest in a brand new, double drive-thru, net leased investment property in Croydon, Pennsylvania. The subject property is less than 14 miles from downtown Philadelphia, the 6th largest city in the United States. Checkers and Clover Mart will commence fresh 15- year leases with 10% rental increases occurring every 5 years during the lease term. This brand-new property has minimal landlord responsibilities, which makes the asset an ideal investment opportunity for passive investors. And with multiple tenants across different business categories, this property offers a diverse income stream.
To summarize the tenant mix: Checkers and Rally’s Drive-In, a nationally recognized drive-thru QSR brand, has more than 792 locations across the United States and 40+ years of operations. While their menu focuses on combo meals featuring burgers, chicken, and various sandwiches from the grill, Checkers & Rally’s french fries are world-renowned. Clover Mart is a local convenience store offering snack and drink items, in addition to vape and tobacco products. Wells Fargo (NYSE: WFC) has become the world’s 45th most valuable company by market cap ($240 Billion) and has more than 11,000 ATM locations across the United States.
This freestanding property has exceptional frontage on Bristol Pike (15,900 VPD) and benefits from a double drive-thru equipped building with a large, dedicated parking lot for customers. The two-tenant asset finished construction and opened for business in early 2024, providing an investor with a brand new property with minimal deferred maintenance. Additionally, there are more than 259,000 residents within a 5-mile radius of the subject property and 87,400 daytime employees. This investment property presents a unique opportunity to acquire a drive-thru QSR asset in dense Philadelphia MSA, the 7th largest MSA in the United States.