6912 New Falls Rd, Levittown, PA 19057
- Retail space
- 15,157 SF
- 2.27 lot acres
Current Use by Public Records
- Rite Aid / Pharmacy
- Rite Aid Pharmacy / Pharmacy
- CDReload - Online Bitcoin ATM / Crypto Atm / Atm
- David L. Sacavage, RPH / Pharmacy
- Dr. Tam B. Lam, DDS / Dental Office
Property Details for 6912 New Falls Rd
- Year built
- 2013
- Lot size
- 2.27 lot acres
- Zone code
- C
- Property type
- Retail space
- APN
- 05-034-132
- APU
- 5034132
Description
This exceptional investment opportunity presents a 15,157 square foot, single-story Rite Aid retail building situated on a 2.27-acre lot in Levittown, Pennsylvania. The property boasts a highly desirable location at a signalized five-way intersection, ensuring exceptional visibility and accessibility. Currently operating under a triple-net (NNN) lease with zero landlord responsibilities, the tenant, Rite Aid (NYSE: RAD), has a corporate guarantee and over nine years remaining on their lease, with eight five-year renewal options. Built in 2013, this free-standing building features a drive-thru and ample parking (4 spaces per 1,000 sq ft). The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $302,500 and a 6.25% cap rate. Located in a densely populated area with over 123,000 residents and average household incomes exceeding $90,000 within a three-mile radius, this investment offers significant potential for long-term growth and stability. The property is zoned C-Commercial and its address is 6912 New Falls Rd, Levittown, PA 19057. Easy access to major highways, including Routes 413, 13, 1, and I-95, further enhances its strategic value. The asking price is $4,840,000. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and excellent location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,665,000
- 6.5%
- $3,385,000
- 7%
- $3,140,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,671,000
- AI Estimate
- $3,130,000
Market price range: $1.66M - $4.67MMarket price range: $750k - $3.13M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,000,000 Current use
- RESTAURANT
- $4,915,000 Change: +64% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $4,140,000 Change: +38% Conversion: Difficult
- MEDICAL BUILDING
- $3,740,000 Change: +25% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,625,000 Change: +21% Conversion: Easy
- AUTO REPAIR, GARAGE
- $3,520,000 Change: +17% Conversion: Difficult
- OFFICE BUILDING
- $3,140,000 Change: +5% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $2,745,000 Change: -9% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Levittown
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -74.8565
- Latitude
- 40.153
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
