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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3611 Easton Rd Doylestown, PA 18902

3,032 SF 1.26 ac lot Built 1997
Entity Owned 5-yr Hold
Property ID
US73-5515558
Property summary
AI-generated overview

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

Property profile
Verified
Property type Retail properties & Spaces
Year built 1997
Total area 3,032 SF
Lot 1.26 ac (54,886 SF)
UPID US73-5515558
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Doylestown North Easton LP · 5 yrs held
Doylestown North Easton LP
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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