loader
Join Free
Views: 93 DOM: 71 Updated: 11.08.24 Posted: 09.11.24 Status: Active

Summary

Price $4,121,000
Built/Renov 1997
Tenant Global Partners LP
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,032
Lease Start 08-18-2020
#Units 1,627
Price/SF $1,359.17
Expiration 08-17-2030
Tenant Type Convenience/Gas
NOI $247,254
R. Term 5.9
Ownership Fee Simple
Rent/SF $81.55
Increases 1.5%/1/yrs
Pop 5Mi 77,530
Lot/AC 1.26
Options 3/5yrs/1.5%
AHHI 5Mi $201,111

Lease Highlights

  • Global Partners LP has 5+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 1.5% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Global Partners LP is strategically located at the signalized, hard corner intersection of N Easton Road and Swamp Road, with access to a combined daily traffic count of 31,700 vehicles. The property features multiple points of ingress and egress, enhancing accessibility. Dunkin’, recognized as the #1 coffee retailer for customer loyalty, has operated within the site’s convenience store...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Global Partners LP
  • Guarantor:Corp T and Rated
  • Company:Global Partners LP
  • # Units:1,627
  • Tenant S&P: B+
  • Moody’s: B1
  • Stock: NYSE: GLP

About Tenant

Global Partners LP (NYSE: GLP) is a master limited partnership and one of the largest independent owners, suppliers and operators of gasoline stations and convenience stores in the Northeast...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity