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7011 New Falls Rd
Levittown, PA 19057
Shell Gas | Rare Accelerated Depreciation · Retail Property For Sale
Investment Highlights
- Fee simple build-to-suit ownership of petroleum dispensing properties typically qualify for 15-Year accelerated depreciation & unparalleled tax return
- Alliance Energy/Global Partners recently entered into a new 15-year NNN lease that has over 13 years remaining and three, five-year options
- The property sits at a 5-way signalized intersection of New Falls Road, Edgely Road and Bristol Emilie Rd, with combined traffic counts of 30,000 VPD
- The absolute-NNN lease is corporately guaranteed by Global Partners LP, with revenues over $180 Billion in 2020 and rated “B+” by Standard & Poor’s
- Starting in 2023, the lease features 1.5% annual rent increases that continue throughout the remainder of the base term and all option periods
- Located in Bucks Co., the third wealthiest county in the PA - 200,000 residents and average household incomes of $104,000+ in a 5-mi radius
Property Facts
Property Type
Retail
Property Subtype
Service Station
Building Size
1,647 SF
Building Class
C
Year Built
1954
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.30 AC
Zoning
22C - Commercial
Parking
10 Spaces (6.07 Spaces per 1,000 SF Leased)
Frontage
300’ on New Falls Road
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 22-065-243 | Improvements Assessment | $18,000 |
| Land Assessment | $52,400 | Total Assessment | $70,400 |
Property Taxes
Parcel Number
22-065-243
Land Assessment
$52,400
Improvements Assessment
$18,000
Total Assessment
$70,400
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