3611 Easton Rd, Doylestown, PA 18902
- Retail properties & Spaces
- 3,032 SF
- 1.26 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 3611 Easton Rd
- Year built
- 1997
- Lot size
- 1.26 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 13, 2021 | — | Doylestown North Easton LP | — | Deed · related | $4.3M · Peoples Security Bank & Trust Company |
Description
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
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Doylestown
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.1291
- Latitude
- 40.3285
