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11402089
11402081

6912 New Falls Rd, Levittown, PA 19057

CA
PA PA RM423727
SVN | Ahia Commercial Real Estate
Listed by SVN | Ahia Commercial Real Estate
$4,840,000
1106 days on market
Updated 64 days ago

Rite Aid NNN Investment

Details
APN 05-034-132
Property Type Retail
Sub Type Commercial, Free Standing Building
Square Footage 15,157
Cap Rate 6.25%
NOI $302,500
Occupancy 100%
Tenancy Single
Lease Type NNN
Year Built 2013
Stories 1
Acreage 2.270
Zoning C - Commercial
Parking Spaces 4 per 1,000 sq ft

Retail | 6.25% CAP | 15,157 SF

Marketing description

Svn is Pleased to Present an Excellent Opportunity to Acquire a Single-tenant, Net Leased Rite Aid Investment. The Property is Comprised of a 15,000+ Square Foot, Single Story Retail Building With Drive Thru Situated on an Expansive, Commercially Zoned 2.27 Acres Parcel Directly Adjacent to the 5-points Signalized Intersection in Densely Populated Levittown (Bristol Township), Bucks County, Pennsylvania. Rite Aid is Currently in Year 11 of a 20-year Lease Term and Has 9+ Years Remaining, in Addition to (8) 5-year Renewal Options. The Lease is an Absolute Nnn Ground Lease With No Landlord Responsibilities. Rite Aid Has Successfully Operated This Store Since 2001 and Performed Major Capital Improvements in 2013, Which Demonstrates Their Commitment to the Location. Rite Aid Store Number 01672 is Ideally Situated Directly Adjacent to Levittown’s Central 5-points Intersection With Excellent Access and Visibility From Both New Falls Road and Bristol Emilie Road. The Average Daily Traffic Counts at This Location Exceed 31,000 Vehicles Daily. The Property is Easily Accessible to/from a Number of Local and Major Roads, Including Woodbourne Road, Levittown Parkway, S. Oxford Valley Road, Rt. 413, Rt. 13, Us-1 and I-95/ I-295. This Property is a 30-minute Drive to/from Philadelphia, Pennsylvania and Princeton, New Jersey and a 90-minute Drive to/from New York City.

Investment highlights

  • Absolute Nnn Lease - Zero Landlord Responsibilities
  • 15,157 Sf± Building on 2.27 Ac± Lot
  • Drive-thru on Site
  • 9+ Years Remaining on Lease With Eight, 5-year Renewal Options
  • Corporate Guarantee - Nyse: Rad
  • Highly Visible / Accessible Location
  • Positioned Adjacent to Signalized, 5-way Intersection
  • Proximate to Densely Populated Residential/commercial
  • Neighborhoods
  • Less Than Two (2) Miles From Pennsbury High School and Bucks
  • County Technical High School
  • Population >123,000 Within 3 Miles; Average Hh Income >$90,000
  • Easy Access to Major Highways Including Rts. 413, 13, 1 and I-95

Listing Contacts

CA
PA PA RM423727
SVN | Ahia Commercial Real Estate
Listed by SVN | Ahia Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$302,500.00
$25,208.33/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Chichi E. Ahia, SIOR
License
PA RM423727
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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