Listed by ERA One Source Realty
$9,915,789
3015 Lehigh St, Allentown, PA 18103
Details
APN 549574278911 and 549574259190
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 6,049
Cap Rate 4.75%
NOI $471,000
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 02/25/2046
Remaining Term 20
Lease Options 6 (5-Year)
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 1
Acreage 3.160
Zoning Highway Business
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/26/2026
Ground Lease Yes
Ownership Ground Lease
Wawa Ground Lease | Absolute NNN | Corporate Guarantee | Allentown, PA
Marketing description
Brand new 20-year absolute NNN ground lease with zero landlord responsibilities. Tenant (Wawa, Inc.) is responsible for all taxes, insurance, CAM, and maintenance. Corporate-signed lease backed by an investment-grade tenant (Fitch: BBB) with 1,000+ locations nationwide.
Lease Overview
- Asking Price: $9,915,789 | Cap Rate: 4.75%
- NOI: $471,000/yr | Rent Commencement: February 2026
- Lease Term: 20 Years | Expiration: February 2046
- Rental Increases: 10% every 5 years beginning Year 11
- Options: Six (5-year)
Property
- 6,049 SF building on 3.16 acres | Built 2025
- Zoning: Highway Business (HB) | Flood Zone X
Location Situated at the signalized intersection of Lehigh Street and I-78 (115,000 VPD), one of the Lehigh Valley's highest-traffic retail corridors. Surrounded by AutoZone, ALDI, Cheez-It, McDonald's, and Dunkin'. Over 120,000 residents and 50,000 employees within 5 miles. Average household income $92,500 within 5 miles.
Listing Contacts
Listed by ERA One Source Realty
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$471,000.00
$39,250.00/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
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