1807 Easton RdDoylestown, PA 18901

Property Details for 1807 Easton Rd

Year built

1988

Lot size

2.00 AC

Property size (Sq ft)

1,080 SF

Zone code

R2

Property type

Retail properties

Property subtype

Gas stations

APN

09-014-016-001

APU

9014016001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $394,384

  6.5%

  $364,047

  7%

  $338,044

• Comparable approach

  Method

  Valuation

  Relative Method

  $357,995

  Geo Method

  $355,604

• Alternative Use

  Use

  Valuation

  Residential

  $307,087

  Hospitality

  $281,290

  Educational

  $234,030

  Medical

  $242,079

  Retail

  $364,047

Location Insight

City

Doylestown

County

Bucks

State

Pennsylvania

Latitude

40.2814

Longitude

-75.1255

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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