loader
Join Free
Views: 10 DOM: 8 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,...

...

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,...


...

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

my activity