3611 Easton RdDoylestown, PA 18902

For Sale
$4,121,000

High-return NNN lease investment. Prime Doylestown location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents the fee simple interest in a thriving Global Gas station and convenience store located at a signalized intersection in Doylestown, Pennsylvania, within the Philadelphia MSA. The property, built in 1997, encompasses 3,032 square feet on a 1.26-acre lot and boasts a 100% occupancy rate under a triple-net (NNN) lease with Global Gas, a subsidiary of Global Partners LP (NYSE: GLP), a leading Northeast energy company. The current lease, with a remaining term of 5.7 years, expires August 17, 2030, and includes three (3) five (5) year renewal options with annual rent bumps of 1.5%. The property generates a substantial net operating income (NOI) of $247,254, resulting in a compelling 6.00% cap rate. The tenant benefits from a strong corporate guarantee and enjoys high visibility due to its location on a major intersection with high daily traffic volume (N Easton Rd: 8,900 VPD

Highlights

  • Triple-net (NNN) lease with Global Gas, a subsidiary of Global Partners LP (NYSE: GLP), featuring 6 years remaining and 1.5% annual rent increases.
  • Prime location in Doylestown, PA, within the Philadelphia MSA, a top 8 US MSA.
  • Situated in Bucks County, PA's 3rd wealthiest county, with average household income exceeding $200,000 within a 5-mile radius.
  • High visibility at a signalized intersection with high daily traffic counts (N Easton Rd: 8,900 VPD; Swamp Rd/PA-313: 22,800 VPD).
  • Strong corporate guarantee from Global Partners LP (NYSE: GLP), a leading Northeast energy company with robust Q2 2024 financials.
  • Includes a Dunkin' convenience store, a top-ranked coffee retailer.

Property Details for 3611 Easton Rd

Property type
Other retail properties, Restaurants
Square Feet
3,032 SF
Year Built
1997
Buildings
1
Lot Size (sq. ft)
54,886 SF

Location Insight

City
Doylestown
County
Bucks
State
Pennsylvania
Latitude
40.3285204
Longitude
-75.1291292
3611 Easton Rd, Doylestown, Pennsylvania

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3611 Easton Rd
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