For Sale
$1,926,956

1807 Easton RdDoylestown, PA 18901

Doylestown, PA NNN Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This 1,080 sq ft Shell gas station in Doylestown, PA, offers a compelling net lease investment opportunity. Located on a 1.3-acre lot on South Easton Road, this property benefits from high visibility and accessibility, with approximately 39,000 vehicles passing daily. The current lease with Global Partners LP, a publicly traded company (NYSE: GLP) with a B+ credit rating, has 5.7 years remaining, with three 5-year renewal options and 1.5% annual rent bumps. Built in 1988, the property boasts a 5.75% cap rate and a strong NOI of $110,800. The C-1 zoning and strong demographics (50,874 people, $143,147 average household income) further enhance its investment appeal. The property's price per square foot is $1,784.22, and the asking price is $1,926,956. This investment offers significant potential for long-term growth and stability. The lease is a single-tenant NNN lease, providing a passive income stream with minimal management responsibilities. The property's strategic location near the PA-202 and PA-611 interchange ensures consistent customer traffic. The lease's corporate guaranty by Global Partners LP provides added security for investors. This is a turnkey investment opportunity with a proven track record of success.

Highlights

  • 6-year lease with three 5-year options to extend, tenant: Global Partners LP.
  • Publicly traded company (NYSE: GLP) lease guaranty, B+ S&P credit rating.
  • 1.5% annual rent increases throughout the lease term.
  • High-traffic location on South Easton Road (39,000 VPD), Doylestown, PA, 27 miles from Center City Philadelphia.
  • Strong demographics: 50,874 people, $143,147 average household income.
  • Bonus depreciation tax advantages available.

Property Details for 1807 Easton Rd

Property type
Retail properties, Gas stations
Square Feet
1,080 SF
Year Built
1988
Lot Size (sq. ft)
56,628 SF

Location Insight

City
Doylestown
County
Bucks
State
Pennsylvania
Latitude
40.281034883137
Longitude
-75.125713135667
1807 Easton Rd, Doylestown, Pennsylvania

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1807 Easton Rd
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