Shell Gas & Food Mart - Levittown, PA | 7011 New Falls Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Shell Gas & Food Mart - Levittown, PA 7011 New Falls Rd
1,647 SF Retail Building Levittown, PA 19057 £1,451,824 (£881/SF) 5.50% Net Initial Yield
Investment Highlights
- National/credit tenants including Giant, Walmart Supercenter, The Home Depot, Ross Dress for Less, Barnes & Noble, Sam’s Club, H&M, Sam’s Club, GAP,
- The lease features 1.50% annual rental increases throughout the initial term and options to extend, increasing NOI and hedging against inflation
Executive Summary
• The tenant, Global Partners LP, has 10+ years remaining on their lease with 3 (5-year) options to extend
• The lease is corporate guaranteed by Global Partners LP, an American energy supply company with more than 1,600 gas stations across the Northeast
• Global Partners LP is a publicly traded company (NYSE: GLP) with an S&P credit rating of B+
• The lease features 1.50% annual rental increases throughout the initial term and options to extend, increasing NOI and hedging against inflation
• Tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises
• Investor benefits from fee simple ownership of the building and land, allowing for the potential benefits of bonus depreciation
• No landlord responsibilities
• The subject property is strategically located at the signalized, hard-corner intersection of New Falls Rd. and Woodbourne Rd., averaging a combined 48,700 vehicles passing by daily
• Nearby direct on/off ramp access to numerous major highways including Interstate 295, which serves the greater Philadelphia Metropolitan Area and averages 60,900 vehicles passing by daily
• The site benefits from excellent visibility via significant street frontage and several large pylon signs
• Multiple points of ingress/egress
• Ideally situated near a dense, regional retail corridor
• National/credit tenants including Giant, Walmart Supercenter, The Home Depot, Ross Dress for Less, Barnes & Noble, Sam’s Club, H&M, Sam’s Club, GAP, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Close proximity to major industrial facilities for Airgas, Nuuly, The PolyCube Company, and more, further increasing consumer traffic to the site
• The 5-mile trade area is supported by over 198,500 residents and 90,400 employees, providing a direct consumer base from which to draw
• Residents within 5 miles of the subject property boast an affluent average household income of $128,844
• Levittown is an affluent suburban community located roughly 22 miles northeast of Philadelphia, Pennsylvania
• The lease is corporate guaranteed by Global Partners LP, an American energy supply company with more than 1,600 gas stations across the Northeast
• Global Partners LP is a publicly traded company (NYSE: GLP) with an S&P credit rating of B+
• The lease features 1.50% annual rental increases throughout the initial term and options to extend, increasing NOI and hedging against inflation
• Tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises
• Investor benefits from fee simple ownership of the building and land, allowing for the potential benefits of bonus depreciation
• No landlord responsibilities
• The subject property is strategically located at the signalized, hard-corner intersection of New Falls Rd. and Woodbourne Rd., averaging a combined 48,700 vehicles passing by daily
• Nearby direct on/off ramp access to numerous major highways including Interstate 295, which serves the greater Philadelphia Metropolitan Area and averages 60,900 vehicles passing by daily
• The site benefits from excellent visibility via significant street frontage and several large pylon signs
• Multiple points of ingress/egress
• Ideally situated near a dense, regional retail corridor
• National/credit tenants including Giant, Walmart Supercenter, The Home Depot, Ross Dress for Less, Barnes & Noble, Sam’s Club, H&M, Sam’s Club, GAP, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Close proximity to major industrial facilities for Airgas, Nuuly, The PolyCube Company, and more, further increasing consumer traffic to the site
• The 5-mile trade area is supported by over 198,500 residents and 90,400 employees, providing a direct consumer base from which to draw
• Residents within 5 miles of the subject property boast an affluent average household income of $128,844
• Levittown is an affluent suburban community located roughly 22 miles northeast of Philadelphia, Pennsylvania
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,647 SF
Building Class
C
Year Built
1954
Price
£1,451,824
Price Per SF
£881
Net Initial Yield
5.50%
NOI
£79,908
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
0.53 AC
Zoning
22C - Commercial
Parking
10 Spaces (6.07 Spaces per 1,000 SF Leased)
Frontage
300 ft on New Falls Road
Walk Score ®
Very Walkable (74)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £32,457 | |
| Land Assessment | £81,461 | Total Assessment | £113,918 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£81,461
Improvements Assessment
£32,457
Total Assessment
£113,918
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Shell Gas & Food Mart - Levittown, PA | 7011 New Falls Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.