6912 New Falls Rd - Drug Store FOR SALE


Levittown, PA 19057
$4,840,000 USD
215-757-2500
6912 New Falls Rd, Levittown, PA for Sale
$4,840,000 USD
Drug Store - FOR SALE
1/12
null | 6.25% Cap Rate

6912 New Falls Rd
Levittown, PA 19057


HIGHLIGHTS

  • Absolute NNN lease - zero landlord responsibilities
  • Drive-thru on site
  • 9+ years remaining on lease with eight, 5-year renewal options
  • Corporate Guarantee - NYSE: RAD
  • Highly visible / accessible location
  • Positioned adjacent to signalized, 5-way intersection

OVERVIEW

SVN® is pleased to present an excellent opportunity to acquire a single-tenant, net leased Rite Aid investment. The property is comprised of a 15,000+ square foot, single story retail building with drive thru situated on an expansive, commercially zoned 2.27 acres parcel directly adjacent to the 5-points signalized intersection in densely populated Levittown (Bristol Township), Bucks County, Pennsylvania. Rite Aid is currently in year 11 of a 20-year lease term and has 9+ years remaining, in addition to (8) 5-year renewal options. The lease is an absolute NNN ground lease with no landlord responsibilities. Rite Aid has successfully operated this store since 2001 and performed major capital improvements in 2013, which demonstrates their commitment to the location. Rite Aid store number 01672 is ideally situated directly adjacent to Levittown’s central 5-points intersection with excellent access and visibility from both New Falls Road and Bristol Emilie Road. The average daily traffic counts at this location exceed 31,000 vehicles daily. The property is easily accessible to/from a number of local and major roads, including Woodbourne Road, Levittown Parkway, S. Oxford Valley Road, Rt. 413, Rt. 13, US-1 and I-95/ I-295. This property is a 30-minute drive to/from Philadelphia, Pennsylvania and Princeton, New Jersey and a 90-minute drive to/from New York City.

FOR SALE DETAILS

PRICE

$4,840,000 USD

PRICE/SF

$319 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

2.27 AC

LAND SF

98,881 SF

ZONING

C

APN/PARCEL ID

05-034-132

ASK ABOUT THIS PROPERTY

Chichi E. Ahia, SIORSVN Ahia Commercial Real EstateMore Info
215-757-2500

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Chichi E. Ahia, SIORSVN Ahia Commercial Real EstateMore Info
215-757-2500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.