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Shell Gas Station | Global Partners LP Guaranty

Philadelphia MSA

Listing Contacts

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Active

Asking Price: $1,926,956
Address 

1807 S Easton Rd, Doylestown, PA 18901

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Date Added
Nov 11, 2024
Days on Market
129 days
Time Since Last Update
76 days

Details

Property TypeRetail
SubtypeGas Station
Investment TypeNet Lease
Lease TypeNNN
TenancySingle
Brand/TenantShell
Lease Expiration08/03/2030
Remaining Term5.4 years
Square Footage1,080
Net Rentable (sq ft)1,080
Price/Sq Ft$1,784.22
Cap Rate5.75%
Occupancy100%
NOI$110,800
Year Built1988
ZoningC-1
Lot Size (acres)1.3
Rent Bumps1.5% Annual
Lease OptionsThree 5-Year Options

Marketing Description

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.​

Investment Highlights

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.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$110,800.00
$9,233.33/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI
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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts

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Broker Information
Broker Name
Maeve O'Reilly
Broker License
PA RS365330
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