loader
Join Free
Views: 27 DOM: 38 Updated: 05.11.24 Posted: 04.09.24 Status: Active

Summary

Price $6,436,000
Built/Renov 2024
Tenant Wawa (GL)
Cap Rate 5.05%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,585
Lease Start 06-01-2024
#Units 1,032
Price/SF $1,152.37
Expiration 06-01-2044
Tenant Type Convenience/Gas
NOI $325,005
R. Term 20.0
Ownership Ground Lease
Rent/SF $0.00
Increases 10.0%/5/yrs
Pop 5Mi 25,794
Lot/AC 1.49
Options 6/5yrs/10%
AHHI 5Mi $158,483

Lease Highlights

  • Brand-new 2024 construction
  • Wawa will be executing a brand-new 20-year ground lease with 6 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Wawa is strategically located on W. Penn Avenue, with access to 16,800 vehicles passing by daily. The property boasts excellent visibility and multiple points of ingress/egress. The immediate trade area is surrounded by well-known national tenants, including Dunkin’, CVS, Dollar General, and more. Moreover, the site is ideally positioned down the street from Conrad Weiser Middle and High...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Wawa
  • Guarantor:Corporate
  • Company:Wawa, Inc.
  • # Units:1,032
  • Stock:Private

About Tenant

Wawa, Inc. is an American chain of convenience stores and gas stations located along the East Coast of the United States, operating in Pennsylvania, New Jersey, Delaware, Maryland, Virginia,...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,065 9,192 25,312
2023 Total Population : 3,013 9,096 25,019
2023 Employed Civilian Pop : 1,702 4,746 12,556
2023 Total Businesses : 99 256 548
2023 Average Household Income : $ 95,458 $ 98,188 $ 107,336
2023 Total Consumer Spending : $ 103 M $ 287 M $ 886 M
2023 Median Age : 43 44 44
2023 Total Households : 1,262 3,418 9,636
2023 Pop Age 25+: Bachelor's Degree : 345 1,045 3,365
2023 Average Home Value : $ 292,436 $ 281,365 $ 315,087
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Penn Ave Annas St 2017 15,379 0.06 mi
Bernville Rd T494 2018 3,215 0.15 mi
W Penn Ave Pearl St 2017 15,379 0.17 mi
Charming Forge Road T494 2021 71 0.37 mi
North Church Street Steeple Dr 2021 1,116 0.56 mi
West Penn Avenue T931 2021 16,777 0.68 mi
N Church St Crossgate Ln 2017 1,233 0.72 mi
Bernville Road St Daniels Rd 2021 3,486 0.96 mi
Bernville Rd St Daniels Rd 2017 3,060 1.04 mi
Penn Ave T422 2016 15,717 1.07 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity