Global Partners, LP Gas Station & C-Store
Corporate Guaranty | Absolute NNN | 1.5% Annual Increases | Signalized Corner | Philadelphia MSA
Marketing description
Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Global Gas, (the “Property”) in Doylestown, Pennsylvania, a borough in suburban Philadelphia. Global Gas operates on a triple-net (NNN) lease with over 5 years of firm term remaining, allowing for a hands-off passive form of ownership. The lease features annual rental increases of one and one-half percent (1.50%), including in the option periods. Global Gas sits at the signalized corner intersection of N Easton Rd (8,900 VPD) and Swamp Rd/PA-313 (22,800 VPD) which allows plenty of visibility to local traffic. The property exhibits multiple forms of ingress and egress making it easy for consumers to access the site. Additionally, Dunkin’ operates out of the location’s c-store.
Global Gas sits in Doylestown, the county seat of Bucks County, the 3rd wealthiest county in Pennsylvania. The average household income in the 5-mile area surrounding the property exceeds $192,000. Doylestown is located just 25 miles north of Philadelphia and part of the Philadelphia MSA that is the 8th largest in the country and home to 6.24 million people.
Alliance Energy LLC and Global Montello Group Corp. are subsidiaries of Global Partners LP (NYSE: GLP), one of the Northeast’s largest independent owners, suppliers, and operators of gasoline stations and convenience stores. As of the end of Q3 2025, Global Partners LP reported a gross profit of $271.4 million and a net income of $29 million. Total sales grew over the previous year by 6.82% to $4.7 billion in Q3 2025 with total volume growing 11.76% to 1.9 billion gallons in the same period.
Investment highlights
NNN LEASE WITH ANNUAL INCREASES – Global Gas operates on a triple-net (NNN) lease with over 5 years of firm term remaining, allowing for a hands-off passive form of ownership. The lease features annual rental increases of one and one-half percent (1.50%), including in the option periods.
PRIME LOCATION (PHILADELPHIA MSA) – Doylestown is located just 25 miles north of Philadelphia and part of the Philadelphia MSA that is the 8th largest in the country and home to 6.24 million people.
AFFLUENT COUNTY SEAT LOCATION (BUCKS COUNTY) – Global Gas is in Doylestown, the county seat of Bucks County, the 3rd wealthiest county in Pennsylvania. The average household income in the 5-mile area surrounding the property exceeds $192,000.
HIGH VISIBILITY & AMPLE ACCESSIBILITY – Global Gas sits at the signalized corner intersection of N Easton Rd (8,900 VPD) and Swamp Rd/PA- 313 (22,800 VPD) that allows plenty of visibility to local traffic. The property exhibits multiple forms of ingress and egress making it easy for consumers to access the site.
TOP-TIER TENANT – Alliance Energy LLC and Global Montello Group Corp. are subsidiaries of Global Partners LP (NYSE: GLP), one of the Northeast’s largest independent owners, suppliers, and operators of gasoline stations and convenience stores. As of the end of Q3 2025, Global Partners LP reported a gross profit of $271.4 million and a net income of $29 million. Total sales grew over the previous year by 6.82% to $4.7 billion in Q3 2025 with total volume growing 11.76% to 1.9 billion gallons in the same period.
DUNKIN’ C-STORE – Dunkin’, the #1 ranking retailer for customer loyalty in the coffee category by Brand Keys for thirteen years running operates within the property’s c-store.
BUSTLING RETAIL CORRIDOR – Global Gas is surrounded by a host of nearby, national retailers such as: Target, GIANT, ACME Markets, Weis Markets, CVS Pharmacy, Bank of America, Wells Fargo Bank, PNC Bank, TD Bank, Fulton Bank, Five Below, Marshalls, HomeGoods, Planet Fitness, Staples, Valvoline, Napa Auto Parts, Meineke, Verizon, T-Mobile, The UPS Store, Panera Bread, McDonald’s, Chipotle, Wawa, Burger King, and Jersey Mike’s Subs demonstrating the strength of the retail corridor.
MAJOR NEW NEARBY MIXED-USE DEVELOPMENT – Less than 1 mile from the property, a $77M redevelopment project was completed in late 2024/early 2025 that brought 233 class A apartments and 10,000 square feet of office and retail space to the area. The redevelopment project is owned by Villanova-based Cornerstone Tracy, LLC.
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