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Views: 3 DOM: 1 Updated: 11.13.24 Posted: 11.13.24 Status: Active

Summary

Price $7,647,059
Built/Renov 2018
Tenant Wawa (GL)
Cap Rate 4.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,943
Lease Start 01-19-2018
#Units 1,050
Price/SF $1,286.73
Expiration 01-31-2038
Tenant Type Convenience/Gas
NOI $325,000
R. Term 13.2
Ownership Ground Lease
Rent/SF $54.69
Increases 8.0%/5/yrs
Pop 5Mi 414,327
Lot/AC 1.92
Options 6/5yrs/8%
AHHI 5Mi $93,849

Lease Highlights

  • 13+ years remaining on its current lease term with 6 (5-year) options to extend
  • The ground lease features 8% rental increases every 5 years starting in year 11
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Wawa is strategically located at the signalized, hard-corner intersection of Highway 441 and West Copans Road, which sees a high combined traffic count of 91,487 VPD. The site is surrounded by several retailers, including Valero, Goodwill, Culver’s, Stop ‘n Shop, Ford, and more. The 5-mile trade area is supported by a dense population of over 400,000 people across more than 150,000 households,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Wawa
  • Guarantor:Corporate
  • Company:Wawa, Inc.
  • # Units:1,050
  • 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,...


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Listing Broker

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