200 Easton RdGlenside, PA 19038
- Retail properties
- 5,022 SF
Property Details for 200 Easton Rd
- Year built
- 2022
- Lot size
- 1.27 AC
- Property size (Sq ft)
- 5,022 SF
- Zone code
- C4
- Property type
- Retail properties
- Property subtype
- Gas stations
- APN
- 31-00-08812-00-4
- APU
- 310008812004
Description
This exceptional investment opportunity presents a brand-new, 5,022 square foot Wawa convenience store and gas station located at 200 S Easton Rd, Glenside, Pennsylvania 19038. The property sits on a 1.27-acre lot with 10 gas pumps, boasting excellent visibility at a signalized intersection on South Easton Road, experiencing over 13,000 vehicles per day. Built in 2022, this single-tenant, net-lease property features a corporate guarantee and a remaining lease term of 18.1 years (expiring December 31, 2042), commencing December 22, 2022. The property offers a strong 5.10% cap rate with a current NOI of $383,325 and an asking price of $7,516,176. The location benefits from its proximity to a school with nearly 4,000 students, enhancing its strategic position within a high-traffic area. The property's ground lease structure and the tenant's strong credit rating contribute to its investment appeal. The 10% annual rental increase provides a hedge against inflation, ensuring long-term value. This is a rare opportunity to acquire a high-performing asset in a desirable location with a dominant brand in a market with limited comparable properties. The property's strong fundamentals and location make it an attractive investment for discerning buyers.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,220,521
- 6.5%
- $1,126,635
- 7%
- $1,046,161
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,653,560
- Geo Method
- $1,653,560
-
Alternative Use
- Use
- Valuation
- Residential
- $950,359
- Hospitality
- $870,524
- Educational
- $724,265
- Medical
- $749,174
- Retail
- $1,126,635
Location Insight
- City
- Glenside
- County
- Montgomery
- State
- Pennsylvania
- Latitude
- 40.0984
- Longitude
- -75.1562
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].