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7011 New Falls Rd Levittown, PA 19057

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For Sale
$1,855,000

NNN gas station with corporate-backed lease and rental increases.

Property size:
1,647 SF
Lot size:
0.53 Acres

Property Features for 7011 New Falls Rd

General Information

Size
1,647 SF
Lot size
0.53 Acres

Source: SRS Real Estate Partners | McLean Agent Andrew Fallon

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Levittown Gas Station For Sale

This property is a gas station with a tenant, Global Partners LP, that has over 10 years remaining on their lease, with three 5-year options to extend. The lease is corporate guaranteed by Global Partners LP, an American energy supply company operating 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 includes 1.50% annual rental increases throughout the initial term and options to extend. The tenant is responsible for CAM, taxes, insurance, and all maintenance of the premises. The investor benefits from fee simple ownership of the building and land. The property is 1,647 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Shell Gas Station Food Mart Convenience Store

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Levittown
County
Bucks
State
Pennsylvania
Longitude
-74.85626
Latitude
40.154092

FAQs

What type of property is this?
Gas station - NNN gas station with corporate-backed lease and rental increases.
Where is this gas station located?
The property is located at 7011 New Falls Rd Levittown, PA.
What is the asking price?
The asking price for this property is $1,855,000.
What are key features of this property?
This property features: - Corporate guaranteed lease by Global Partners LP (NYSE: GLP), an American energy supply company with 1,600+ gas stations and an S&P credit rating of B+.; - Over 10 years remaining on the lease with 3 (5-year) options to extend.; - Benefit from 1.50% annual rental increases throughout the initial term and options, hedging against inflation and increasing NOI.
More about this property
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