7011 New Falls Rd, Levittown, PA 19057
1,647 SF | Retail Building | Levittown, PA 19057 | $1,825,000 ($1,108/SF) | 5.50% Cap Rate
For Sale
Active
5 pictures
Asking Price $1,825,000
- Property Type
-
Retail
- Square Feet
- 1,647 SF
- Price / Square Foot
- $1,108
Listing Contacts
- Property Info
Property Overview
• The tenant, Global Partners LP, has 11.5 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 200,000 residents and 88,000 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 $121,639
• Levittown is an affluent suburban community located roughly 22 miles northeast of Philadelphia, Pennsylvania
• 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 200,000 residents and 88,000 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 $121,639
• Levittown is an affluent suburban community located roughly 22 miles northeast of Philadelphia, Pennsylvania
Property Details
- Class
- C
- Year Built
- 1954
- Stories
- 1
- Property Subtype
- Service, Grocery/Convenience Store
- Lot Size (sq. ft)
- 23,087 SF
Highlights
- 11.5 years of term remaining on new NNN lease
- Annual rent growth (1.50%) provides inflation hedge and appreciation potential
- Corporate guaranty by Global Partners LP (NYSE: GLP)
- S&P credit rating of B+
- Fee-simple ownership offers benefits of depreciation
- Hard corner signalized location with great access and visibility (48,700 VPD)
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].