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549 Doylestown Rd
Lansdale, PA 19446

$2,977,000 USD

Service Station For Sale  •  3,105 SF

Property Details

  • Property Type Service Station
  • Total Building Size 3,233 SF
  • Lot Size 1.96 AC
  • Building Class C
  • Year Built 1998
  • Cap Rate 6.85 %
  • Tenancy Single
  • Zoning C
0 Transit Score
49 Walk Score

Highlights

Fee simple build-to-suit ownership of petroleum dispensing properties typically qualify for 15-Year accelerated depreciation
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
Tenant signed a 10 year NNN lease in 2020 with zero Landlord responsibilities or expenses
The Lease features 1.5% annual rental increases that continue through the base term and all options periods
Signalized hard corner location with access points on both County Line Road and Doylestown Road/Route 202 which sees combined 43,538 VPD
The subject property sits on the county line of Montgomery County and Bucks County, the 2nd and 3rd wealthiest counties in the state
Cap Rate: 6.85 %

Public Transportation

Commuter RailDriveWalkDistance
Link Belt (R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 2 min - 1.3 mi
Colmar (R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 5 min - 1.9 mi
AirportDriveWalkDistance
Trenton Mercer 50 min - 29.3 mi
Lehigh Valley International 56 min - 34.2 mi
Philadelphia International 60 min - 35.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes
Matthew Gorman 215-603-6914 CBRE, Inc.
Matthew Gorman 215-603-6914 CBRE, Inc.