Global & Dunkin' | Lansdale PA

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Global gas station and Dunkin’ Donuts conveniently located at 549 Doylestown Rd, Lansdale, PA 19446, in a vibrant section of Lansdale.​ This investment opportunity offers a property master leased to Global who guarantees all of the rent and subleases a portion of the gas station to Dunkin’ Donuts.​ The area is surrounded by a variety of national and local businesses, including Wawa, CVS Pharmacy, and various retail stores and restaurants.​

RARE ACCELERATED DEPRECIATION
Fee simple build-to-suit ownership of petroleum dispensing properties typically qualify for 15-Year accelerated depreciation which creates unparalleled after-tax returns.

CORPORATELY GUARANTEED
The lease is corporately guaranteed by Global Partners LP, a publicly traded company (NYSE: GLP) with an S&P credit rating of B+ (Guarantor) and over 1,600 retail stations.

ABSOLUTE NET LEASE WITH NOTABLE RENOVATIONS MADE
Tenant signed a 10 year NNN lease in 2020 with zero Landlord responsibilities or expenses. Tenant completed renovations totaling $500,000+ to the parking lot, dispensers, canopy, HVAC, signage, exterior lighting, and more at move-in.

ANNUAL RENTAL INCREASES
The Lease features 1.5% annual rental increases that continue through the base term and all options periods.

LARGE PARCEL SIZE
The site sits on a sizeable 1.96-acre site which allows for redevelopment in the future, if necessary.

EXCELLENT VISIBILITY ON A SIGNALIZED HARD CORNER
The property sits at a signalized hard corner location with access points on both County Line Road and Doylestown Road/Route 202 which sees combined traffic counts of 43,538 VPD.

STRONG RETAIL CORRIDOR
The subject property is adjacent to many national retailers like CVS, Wawa, Wells Fargo, McDonald’s, Giant, Starbucks, Fine Wine & Good Spirits, and more. Montgomeryville, one of the largest retail hubs in suburban Philadelphia, is also nearby with several million square feet of retail locations for numerous national credit tenants.

DENSE AND AFFLUENT PHILADELPHIA MSA LOCATION
The subject property sits on the county line of Montgomery County and Bucks County, the 2nd and 3rd wealthiest counties in the state illustrated by average household incomes ranging from $160,800-$169,300 within the 1, 3, and 5 mile rings and an average population of over 55,300 within the 3 miles radius of the site.