7011 New Falls RdLevittown, PA 19057

For Sale
$1,825,000

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
96
This fee-simple retail property, located at 7011 New Falls Rd, Levittown, PA 19057, presents a compelling investment opportunity. The 1,647 square foot Shell Gas & Food Mart sits on a 0.53-acre lot and benefits from a 15-year absolute NNN lease with a corporate guarantee from a credit-rated tenant, commencing August 18, 2020, and expiring August 17, 2035. With over 10.7 years remaining, this lease provides significant long-term stability. The property boasts a 5.50% cap rate and a strong net operating income (NOI) of $100,447. Annual rent increases of 1.5% are built into the lease, providing consistent growth potential. The asking price is $1,825,000, translating to $1,108.08 per square foot. This hard-corner, signalized location enjoys excellent visibility and accessibility, situated along a regional retail corridor with high traffic volume (48,700 vehicles per day). The surrounding area features a dense population of approximately 200,000 residents and 88,000 employees within a 5-mile radius, exhibiting a strong average household income of $121,639. The lease includes three 5-year renewal options. This offering presents a rare opportunity to acquire a well-positioned, high-performing convenience store and gas station with substantial long-term value. The fee-simple ownership structure allows for potential bonus depreciation benefits.

Highlights

  • Fee-simple retail property at 7011 New Falls Rd, Levittown, PA 19057.
  • 1,647 SF Shell Gas & Food Mart on a 0.53-acre lot.
  • 15-year NNN lease with corporate guarantee, expiring August 17, 2035 (10.7+ years remaining).
  • 5.50% cap rate and $100,447 NOI; 1.5% annual rent increases.
  • Asking price: $1,825,000 ($1,108.08/SF).
  • High-traffic location (48,700 VPD) with excellent visibility; three 5-year renewal options.

Property Details for 7011 New Falls Rd

Property type
Other retail properties, Automotive properties
Square Feet
1,647 SF
Lot Size (sq. ft)
23,087 SF

Location Insight

City
Levittown
County
Bucks
State
Pennsylvania
Latitude
40.154381136452
Longitude
-74.856256751587
7011 New Falls Rd, Levittown, Pennsylvania

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7011 New Falls Rd
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