Auto Service - Gas-Conv
Wawa
3 N MacDade Blvd, Glenolden, PA 19036
Listing Price: $2,269,025
Cap Rate
6.25%
Tenant Name
Wawa
Years Remaining On Lease
9.6
Guarantor
Corporate Guarantee
Rentable SF
5,191
Lease Type
Double Net
Rent Per Square Feet
$34.97
Investment Overview
RARE FEE SIMPLE WAWA OWNERSHIP – FULL DEPRECIATION BENEFITS
• Investor-friendly fee simple structure providing complete control of the real estate and the ability to capture full depreciation benefits
Investment Highlights
- LONG-TERM STABILITY – RECENT 10 YEAR LEASE EXTENSION • Wawa recently executed a new 10-year lease extension, demonstrating long-term commitment to this high-performing location.
- PROVEN OPERATING HISTORY - SINCE 2000 • This location has operated successfully for over 25 years, underscoring its exceptional performance, customer loyalty, and relevance within the trade area.
- BUILT-IN NOI GROWTH • Structured rent escalations of 5% in both 2035 and 2040 provide predictable income growth and an effective hedge against inflation.
Exclusively Listed By
Financing By
Listing Price: $2,269,025
Cap Rate
6.25%
Tenant Name
Wawa
Years Remaining On Lease
9.6
Guarantor
Corporate Guarantee
Rentable SF
5,191
Lease Type
Double Net
Rent Per Square Feet
$34.97
Investment Highlights
- LONG-TERM STABILITY – RECENT 10 YEAR LEASE EXTENSION • Wawa recently executed a new 10-year lease extension, demonstrating long-term commitment to this high-performing location.
- PROVEN OPERATING HISTORY - SINCE 2000 • This location has operated successfully for over 25 years, underscoring its exceptional performance, customer loyalty, and relevance within the trade area.
- BUILT-IN NOI GROWTH • Structured rent escalations of 5% in both 2035 and 2040 provide predictable income growth and an effective hedge against inflation.
Investment Overview
RARE FEE SIMPLE WAWA OWNERSHIP – FULL DEPRECIATION BENEFITS • Investor-friendly fee simple structure providing complete control of the real estate and the ability to capture full depreciation benefits
Exclusively Listed By
Financing By