Investment Overview

Marcus & Millichap is pleased to present for sale the Shell / Alltown gas station and convenience store property located at 237 Cambridge St in Worcester, MA. The property is leased to Global Partners, the parent company of Alltown, and carries a corporate guarantee from Global, a 90-year-old Fortune 500 energy supply company that generated nearly $19 billion in revenue in 2022. The tenant recently exercised a 5-year option that extends through 2028, and added another 5-year option beyond that, signaling their long-term commitment to the property. The lease is Absolute Net with no landlord responsibilities. The subject property consists of a 1,643 SF building with 4 pumps on a 0.23-acre lot. The site is located near the center of Worcester, about a mile from the College of the Holy Cross, and less than a mile from I-290, an interstate highway that sees just under 100,000 vehicles per day. It is also surrounded by many national tenants, including The Salvation Army, McDonald’s, Wendy’s and Dunkin’. The property is located in a densely populated area, with more than 220,000 residents located within five miles of the site.