Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Pharmacy
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Pharmacy
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Crypto Atm Atm
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Pharmacy
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Dental Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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from $99/month
Derived from the Levittown market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C · Levittown, PAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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