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 / Restaurant / Take-out & Catering
Property Details for 200 Easton Rd
- Year built
- 2022
- Lot size
- 1.27 lot acres
- Zone code
- C4
- Property type
- Gas stations
- APN
- 31-00-08812-00-4
- APU
- 310008812004
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 19, 2025 | — | Jerc Partners Xcvii LLC | — | Deed · related | $4M · American Bank |
| Feb 25, 2025 | $7,232,547 | Jerc Partners Xcvii LLC | Provco Pinegood Glenside LLC | Deed | — |
| May 23, 2022 | $1,220,330 | Wawa INC | Provco Pinegood Glenside LLC | Lease | — |
| Mar 18, 2021 | — | County Of Montgomery | Provco Pinegood Glenside LLC | Foreclosure · related | — |
| Jul 9, 2020 | — | Provco Pinegood Glenside LLC | Provco Pinegood Glenside LLC | Quit Claim Deed · related | $4.3M · Firstrust Bk |
| Jul 15, 2019 | $266,547 | Lukoil North America LLC | Cors,marie V | Grant Deed | — |
| Jul 15, 2019 | $700,000 | Goodman Acquisition I LLC | Lukoil North America LLC | Grant Deed | — |
| Apr 6, 2004 | — | Refining Tosco | Exxonmobil Oil Cor | Grant Deed · related | — |
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 Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,980,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,662,000
Market price range: $1.09M - $4.44M
Get a detailed, property-specific estimation — fast and free
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
