Listed by Marcus & Millichap - New Jersey
$8,103,000
Wawa Ground Lease
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Net Rentable (SqFt) 5,585
Cap Rate 5.25%
NOI $425,425
Brand/Tenant Wawa
Lease Type NNN
Lease Term 20.1
Lease Expiration 08/30/2039
Remaining Term 13.2
Year Built 2019
Acreage 1.300
Parking Spaces 48 spaces
Investment Type Net Lease
Lease Commencement 08/03/2019
Ground Lease Yes
Retail | 5.25% CAP
Marketing description
Marcus & Millichap is pleased to exclusively present 910 MacDade Blvd, Collingdale, Pennsylvania.
Investment highlights
- 13.5 Years Remain on Original 20-year Ground Lease
- Zero Landlord Responsibilities
- 10% Rent Increases Every 5 Years
- Fitch BBB Credit Rating
- 6-5 Year Renewal Options
- Relocation Store From Across The Street To Add Gas Component To Their Convenience Store
- Wawa, Inc Has Over 1,100 Locations Nationally And Operates In Pa, Nj, De, Va, Fl, Md, And Washington Dc
- Wawa Has Approximately $13 Billion in Annual Revenue
- Tremendous Visibility And Frontage at the Hard Corner Intersection of MacDade Boulevard And Upland Terrace
- Roughly 4 Miles To The Philadelphia International Airport And 14 Miles To Downtown Philadelphia
- Located Directly Adjacent to the Collingdale Municipal Center
- Average Daily Traffic Exceeding 22,100 Cars/Day
- Excellent Demographics With Roughly 500,000 People In A 5-mile Radius
Listing Contacts
Listed by Marcus & Millichap - New Jersey
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$425,425.00
$35,452.08/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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