- Brand new 20-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
- The lease is corporate signed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1000+ locations
- The ground lease features 10% scheduled rental increases throughout the term and options to extend, generating NOI and hedging against inflation
- Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
- No landlord responsibilities
- Investor benefits from leased fee interest (land ownership)
- Ideal management-free investment for a passive investor
Off Market
Robesonia, PA - Wawa
413-425 W Penn Ave | Robesonia, PA 19551
Description
Location
- Wawa is strategically fronting W. Penn Ave averaging 16,800 VPD
- 2024 construction featuring high quality materials, distinct design elements, and high level finishes
- The immediate trade area is supported by surrounding retailers such as Dunkin’, CVS, Dollar General, and more
- Ideally located down the street from Conrad Weiser Middle and High School, providing a direct consumer base from which to draw
- The asset has excellent visibility and multiple points of ingress/egress
- More than 25,000 residents and 6,000 employees support the trade area
- $107,468 average household income
- Robesonia is growing at a rate of 3.53% annually and its population has increased 11.01% since the most recent census