6912 New Falls Rd Levittown, PA 19057

Property Details for 6912 New Falls Rd

Year built

2013

Lot size

2.27 lot acres

Property size

15,157 SF

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.

Location Insight

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

Property Tax & Assessments