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.
Highlights
$4,840,000 asking price for a 15,157 SF retail building.
NNN lease with zero landlord responsibilities.
9+ years remaining on the lease, plus eight 5-year renewal options.
Corporate guarantee from Rite Aid (NYSE: RAD).
High-visibility location at a signalized 5-way intersection in Levittown, PA.
Strong demographics: over 123,000 residents within 3 miles, average household income over $90,000.
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Contacts
Chichi E. Ahia, SIOR
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6912 New Falls Rd, Levittown, Pennsylvania, 19057
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6912 New Falls Rd
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