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Global & Dunkin' | Lansdale PA 549 Doylestown Rd 3,233 SF Retail Building Lansdale, PA 19446 $2,977,000 ($920.82/SF) 6.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Fee simple build-to-suit ownership of petroleum dispensing properties typically qualify for 15-Year accelerated depreciation
- Tenant signed a 10 year NNN lease in 2020 with zero Landlord responsibilities or expenses
- Signalized hard corner location with access points on both County Line Road and Doylestown Road/Route 202 which sees combined 43,538 VPD
- 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 sites
- The Lease features 1.5% annual rental increases that continue through the base term and all options periods
- The subject property sits on the county line of Montgomery County and Bucks County, the 2nd and 3rd wealthiest counties in the state
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,233 SF
Building Class
C
Year Built
1998
Price
$2,977,000
Price Per SF
$920.82
Cap Rate
6.85%
NOI
$203,907
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.96 AC
Zoning
C
Parking
13 Spaces (4.02 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 46-00-00600-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,550,000 |
PROPERTY TAXES
Parcel Number
46-00-00600-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,550,000
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Global & Dunkin' | Lansdale PA | 549 Doylestown Rd
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