7011 New Falls Rd Levittown, PA 19057
NNN gas station with corporate-backed lease and rental increases.
Property size:
1,647 SFLot size:
0.53 AcresProperty Features for 7011 New Falls Rd
General Information
- Size
- 1,647 SF
- Lot size
- 0.53 Acres
Source:
Moodyscre
Listing 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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Shell
Gas Station
Food Mart
Convenience Store
Location Insight
- Map
- Local Demand
- City
- Levittown
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -74.85626
- Latitude
- 40.154092
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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.