200 Easton Rd Glenside, PA 19038-3901

Property Details for 200 Easton Rd

Year built

2022

Lot size

1.27 lot acres

Property size

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.

Location Insight

City

Glenside

County

Montgomery

State

Pennsylvania

Longitude

-75.1562

Latitude

40.0984

CBSA code

37980

CBSA name

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

Property Tax & Assessments