Equity Retail Brokers is pleased to present a Global Partners LP Guaranteed Shell Gas Station in Doylestown for sale to qualified investors. This offering represents a unique opportunity to acquire a proven, high-performing retail asset in a strategic location with a strong commitment from its tenant. Global Partners LP has occupied this site since 2020, and has six years left on the lease, with three (five-year) options to renew.
The lease benefits from a corporate guaranty by Global Partners LP’s corporate entity, which boasts a rating of B+, adding an extra layer of security and confidence for investors. Positioned on South Easton Road near the PA-202 and PA-611 interchange, the property enjoys high visibility and accessibility, making it a key retail destination. Located on South Easton Road in Doylestown, about 27 miles north of Philadelphia, the site capitalizes on its strategic positioning by drawing in significant customer traffic, due to the 39,000 vehicles that pass the site each day.
Commitment to Location: The tenant, Global Partners LP, has 6 years remaining on their lease with 3 (5-year) options to extend. Public Company Guaranty: The lease is backed by Global Partners LP, a leading energy supply company that secured a spot at 361 on the 2018 Fortune 500 list. Global Partners LP is a publicly traded company (NYSE: GLP) with a B+ credit rating from Standard & Poor's.
Annual increases of 1.5% per year: The lease includes 1.50% annual rental increases during the initial term and options to extend, boosting NOI and protecting against inflation.
Strategic Location: The property's position on South Easton Road, which sees around 39,000 vehicles per day, enhances the\ site’s visibility and accessibility. Located in Doylestown, 27 miles north of Center City, Philadelphia, this site offers a prime location for attracting consistent traffic and potential customers.
Strong Demographics: This Global Partners LP Shell Gas Station benefits from the strong demographics surrounding this location, with 50,874 people, and an average household income of $143,147.
Bonus Depreciation: An investor can benefit from the tax advantages of owning a convenience store and gas station outright, including the opportunity to use an accelerated bonus depreciation model. Consulting your Accountant or Tax Attorney is highly advised.
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