200 Easton Rd Glenside, PA 19038-3901
- Gas stations
- 5,022 SF
- 1.27 lot acres
Current Use by Public Records
- PNC ATM / Atm
- Wawa / Hoagie Restaurant / Fast Food Restaurant
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,980,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,735,000
- 6.5%
- $7,795,000
- 7%
- $7,300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $8,080,000
- Geo Method
- $6,065,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,795,000
- Retail
- $8,330,000
- Mixed-Use
- $7,945,000
- Hospitality
- $7,245,000
- Educational
- $7,815,000
- Residential Income
- $6,695,000
- Energy
- $8,880,000
- Income-Based Land
- $8,190,000
- Food Service
- $8,555,000
Location Insight
- Map
- Local Demand
- 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
