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Wawa | 20-Years Remaining | Philadelphia, PA MSA | Infill Location

4703 Edgmont Ave, Brookhaven, PA 19015

Listing Price: $5,551,765

Cap Rate
4.25%
Tenant Name
Wawa
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
6,247
Lease Type
NNN Ground Lease
Rent Per Square Feet
$37.77

Investment Overview

The Tenant occupies a large 2.962-acre parcel at an entrance into the ALDI-anchored Cambridge Square. Wawa has prominent frontage along Edgmont Avenue, three means of access and eight fueling pumps. The subject site is adjacent to the aforementioned ALDI, Lowe’s Home Improvement, and immediately across Edgmont Avenue from a high-performing Giant-anchored center. Per Placer.ai, Giant ranks in the top 24 percent statewide with 1.2 million annual customer visits, and the center features outparcels to synergistic retailers Starbucks, Chipotle and Chili’s. Both grocery store locations drive traffic to this Wawa location.

Investment Highlights

  • Recast Lease of High Performing Location; New 20-Year Term
  • 7.5 Percent Every 5 Years Starting in Year 11
  • Large 2.962-Acre Parcel Across from High-Performing Giant

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Auto Service - Gas-Conv

Wawa | 20-Years Remaining | Philadelphia, PA MSA | Infill Location

Listing Price: $5,551,765

Cap Rate
4.25%
Tenant Name
Wawa
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
6,247
Lease Type
NNN Ground Lease
Rent Per Square Feet
$37.77

Investment Highlights

  • Recast Lease of High Performing Location; New 20-Year Term
  • 7.5 Percent Every 5 Years Starting in Year 11
  • Large 2.962-Acre Parcel Across from High-Performing Giant

Investment Overview

The Tenant occupies a large 2.962-acre parcel at an entrance into the ALDI-anchored Cambridge Square. Wawa has prominent frontage along Edgmont Avenue, three means of access and eight fueling pumps. The subject site is adjacent to the aforementioned ALDI, Lowe’s Home Improvement, and immediately across Edgmont Avenue from a high-performing Giant-anchored center. Per Placer.ai, Giant ranks in the top 24 percent statewide with 1.2 million annual customer visits, and the center features outparcels to synergistic retailers Starbucks, Chipotle and Chili’s. Both grocery store locations drive traffic to this Wawa location.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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