7011 New Falls Rd Levittown, PA 19057

Property Details for 7011 New Falls Rd

Year built

1954

Lot size

0.55 lot acres

Property size

1,647 SF

Zone code

C

Property type

Gas stations

APN

22-065-243

APU

22065243

Description

This fee-simple retail property, located at 7011 New Falls Rd, Levittown, PA 19057, presents a compelling investment opportunity. The 1,647 square foot Shell Gas & Food Mart sits on a 0.53-acre lot and benefits from a 15-year absolute NNN lease with a corporate guarantee from a credit-rated tenant, commencing August 18, 2020, and expiring August 17, 2035. With over 10.7 years remaining, this lease provides significant long-term stability. The property boasts a 5.50% cap rate and a strong net operating income (NOI) of $100,447. Annual rent increases of 1.5% are built into the lease, providing consistent growth potential. The asking price is $1,825,000, translating to $1,108.08 per square foot. This hard-corner, signalized location enjoys excellent visibility and accessibility, situated along a regional retail corridor with high traffic volume (48,700 vehicles per day). The surrounding area features a dense population of approximately 200,000 residents and 88,000 employees within a 5-mile radius, exhibiting a strong average household income of $121,639. The lease includes three 5-year renewal options. This offering presents a rare opportunity to acquire a well-positioned, high-performing convenience store and gas station with substantial long-term value. The fee-simple ownership structure allows for potential bonus depreciation benefits.