200 Easton RdGlenside, PA 19038

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $950,002

  6.5%

  $876,925

  7%

  $814,287

• Comparable approach

  Method

  Valuation

  Relative Method

  $682,422

  Geo Method

  $682,422

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,710,090

  Mixed-Use / Specialty

  $873,799

  Hospitality / Lodging

  $641,078

  Office

  $868,608

  Institutional / Educational

  $908,398

  Residential Income

  $1,062,830

  Multifamily

  $1,274,700

  Automotive / Energy

  $778,627

  Parking / Income-Based Land

  $268,695

  Restaurant / Food Service

  $454,469

  Healthcare / Senior Housing

  $896,064

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

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