7011 New Falls Rd - Service Station FOR SALE


Levittown, PA 19057
$1,825,000 USD
202-286-1542
7011 New Falls Rd, Levittown, PA for Sale
$1,825,000 USD
Service Station - FOR SALE
1/5
null | 5.5% Cap Rate

7011 New Falls Rd
Levittown, PA 19057


HIGHLIGHTS

  • National/credit tenants including Giant, Walmart Supercenter, The Home Depot, Ross Dress for Less, Barnes & Noble, Sam’s Club, H&M, Sam’s Club, GAP,
  • The lease features 1.50% annual rental increases throughout the initial term and options to extend, increasing NOI and hedging against inflation

OVERVIEW

• The tenant, Global Partners LP, has 10+ years remaining on their lease with 3 (5-year) options to extend • The lease is corporate guaranteed by Global Partners LP, an American energy supply company with more than 1,600 gas stations across the Northeast • Global Partners LP is a publicly traded company (NYSE: GLP) with an S&P credit rating of B+ • The lease features 1.50% annual rental increases throughout the initial term and options to extend, increasing NOI and hedging against inflation • Tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises • Investor benefits from fee simple ownership of the building and land, allowing for the potential benefits of bonus depreciation • No landlord responsibilities • The subject property is strategically located at the signalized, hard-corner intersection of New Falls Rd. and Woodbourne Rd., averaging a combined 48,700 vehicles passing by daily • Nearby direct on/off ramp access to numerous major highways including Interstate 295, which serves the greater Philadelphia Metropolitan Area and averages 60,900 vehicles passing by daily • The site benefits from excellent visibility via significant street frontage and several large pylon signs • Multiple points of ingress/egress • Ideally situated near a dense, regional retail corridor • National/credit tenants including Giant, Walmart Supercenter, The Home Depot, Ross Dress for Less, Barnes & Noble, Sam’s Club, H&M, Sam’s Club, GAP, and many more • Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site • Close proximity to major industrial facilities for Airgas, Nuuly, The PolyCube Company, and more, further increasing consumer traffic to the site • The 5-mile trade area is supported by over 198,500 residents and 90,400 employees, providing a direct consumer base from which to draw • Residents within 5 miles of the subject property boast an affluent average household income of $128,844 • Levittown is an affluent suburban community located roughly 22 miles northeast of Philadelphia, Pennsylvania

FOR SALE DETAILS

PRICE

$1,825,000 USD

PRICE/SF

$1,108 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shell Gas & Food Mart - Levittown, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

22C

APN/PARCEL ID

05-034-133

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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