101 Easton Rd - Service Station FOR SALE


Horsham Township, PA 19044- Horsham/Willow Grove
$7,520,000 USD
215-603-6914
101 Easton Rd, Horsham Township, PA for Sale
$7,520,000 USD
Service Station - FOR SALE
1/4
null | 5.25% Cap Rate

101 Easton Rd
Horsham Township, PA 19044
Horsham/Willow Grove


HIGHLIGHTS

  • 12+ years remaining on corporately guaranteed NNN ground lease with 10% rent increases every five years.
  • Signalized corner location in Horsham, Pennsylvania with 66,775 VPD and excellent visibility.
  • Investment-grade tenant Wawa, Inc. with ~$18.6B in annual revenue.
  • Less than 0.5 miles from the Pennsylvania Turnpike (I-276) interchange (100,000+ VPD).
  • Located along the dense Route 611 retail corridor with major national retailers.
  • Strong demographics and daytime population near Pennsylvania Business Campus and Jefferson Health – Willow Grove.

OVERVIEW

CBRE is pleased to exclusively present for sale this Absolute-Net Lease investment leased to Wawa, Inc., located at the signalized intersection of Easton Road and Blair Mill Road in Horsham, Pennsylvania. The property benefits from strong visibility at a signalized hard corner along a heavily trafficked retail corridor with exposure to 66,775 vehicles per day. The Wawa operates on a long-term, corporately guaranteed Absolute-Net Lease with more than 12 years remaining on the initial 20-year term, six five-year renewal options, and scheduled 10 percent rental increases every five years throughout both the base term and all option periods. The Absolute-Net Lease structure provides a completely passive ownership experience, with Wawa responsible for all operating expenses, management, and capital items, including roof and structure. The property is situated within a larger retail site also occupied by CVS and P.J. Whelihan’s, along with two additional improved and fully approved shovel-ready pad sites that provide future development upside across the overall site. The strong co-tenancy and established retail environment further enhance the long-term durability of the real estate. Wawa, Inc. is a leading convenience store and fuel operator in the eastern United States and carries a shadow credit rating equivalent to BBB. The company ranks #21 on the Forbes 2025 list of America’s Top Private Companies and is Pennsylvania’s largest private company, generating approximately $18.64 billion in annual revenue. Wawa’s investment-grade credit profile and brand strength make it one of the most sought-after tenants in the net lease sector.

FOR SALE DETAILS

PRICE

$7,520,000 USD

PRICE/SF

$1,346 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa | Horsham, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

I1

APN/PARCEL ID

36-00-00901-008

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.