400 West Street Rd, Warminster, PA 18974
- Gas stations
- 1,080 SF
- 1.26 lot acres
Current Use by Public Records
- Shell / Gas Station
- CoinFlip Buy and Sell Bitcoin ATM / Bank / Business Banking Service
- U-Haul Neighborhood Dealer / Car Rental Facility
- Zara halal food / Restaurant
Property Details for 400 West Street Rd
- Year built
- 1990
- Lot size
- 1.26 lot acres
- Zone code
- C
- Property type
- Gas stations
- APN
- 49-019-234
- APU
- 49019234
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 5, 2022 | — | Warminster West Street LLC | — | Deed · related | $1.1M · Peoples Security Bank & Trust Company |
| Nov 13, 2015 | $1,540,000 | Warminster West Street LLC | Bronson Oil Fee Holdings LLC | Deed | $3.9M · Tristate Capital Bank |
| Aug 26, 2008 | — | Bronson Oil Fee Holdings LLC | — | Deed Of Trust · related | $45.8M · Citicorp Leasing INC |
| Nov 20, 2007 | $1,600,000 | Bronson Oil Fee Holdings LLC | Motiva Ents LLC | Grant Deed | — |
| Nov 9, 1998 | $738,980 | Motiva Enterprises LLC | Star Enterprise | Grant Deed | — |
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,360-square-foot Shell-branded convenience store and car wash situated on a 1.26-acre lot in Warminster, Pennsylvania. The property boasts a prime location on West Street Road, experiencing over 32,000 vehicles per day, and benefits from a strong demographic profile with average household incomes exceeding $107,000 within a three-mile radius. The property features 11 parking spaces and is zoned C-1 Commercial. Built in 1990, this asset is currently operating at 100% occupancy under an absolute triple-net (NNN) lease with Global Partners LP, a Fortune 500 company (NYSE: GLP) with a B+ credit rating from Standard & Poor's. The lease, commenced August 17, 2020, has a remaining term of approximately 5.7 years, with three five-year renewal options. The lease includes annual rent increases of 1.5%, providing inflation protection and growing net operating income (NOI). The current NOI is $107,298, resulting in a 5.50% capitalization rate based on the asking price of $1,950,871. The property's strategic location along a major retail corridor, near prominent national retailers like Giant, Ashley Furniture, and Kohl's, further enhances its investment appeal. Global Partners LP's robust financial performance, with Q2 2024 total sales exceeding $4.4 billion, underscores the tenant's stability and long-term commitment to this location. This offering presents a rare opportunity to acquire a high-quality, low-risk, net-leased retail investment with significant upside potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Warminster
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.0921
- Latitude
- 40.2017
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
