1807 Easton Rd Doylestown, PA 18901-2805
- Gas stations
- 1,080 SF
- 2.00 lot acres
Current Use by Public Records
- Gas stations
Property Details for 1807 Easton Rd
- Year built
- 1988
- Lot size
- 2.00 lot acres
- Property size
- 1,080 SF
- Zone code
- R2
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Doylestown
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.1255
- Latitude
- 40.2814
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
