1100 Calcon Hook Rd - Service Station FOR SALE


Sharon Hill, PA 19079
$8,520,000 USD
610-608-2621
1100 Calcon Hook Rd, Sharon Hill, PA for Sale
$8,520,000 USD
Service Station - FOR SALE
1/5
null | 5% Cap Rate

1100 Calcon Hook Rd
Sharon Hill, PA 19079


HIGHLIGHTS

  • ABSOLUTE NNN GROUND LEASE WITH 10% RENTAL INCREASES & 5.50% STEP-UP YIELD
  • STRATEGIC HOME-MARKET LOCATION – DELAWARE COUNTY, PA
  • PRIME, HIGH-EXPOSURE CORNER LOCATION
  • DOMINANT INVESTMENT CREDIT TENANT (FITCH: BBB)
  • LESS THAN 2 MILES FROM INTERSTATE 95 (156,000+ VPD)
  • LESS THAN 2 MILES FROM PHILADELPHIA INTERNATIONAL AIRPORT (PHL)

OVERVIEW

Forged Real Estate exclusively offers the fee simple interest in a single-tenant Wawa property in Sharon Hill, approximately five miles southwest of Philadelphia. The asset is located within the Philadelphia MSA—the 9th largest metropolitan area in the United States—with a population of approximately 6.33 million residents. Situated in Delaware County, home to Wawa’s headquarters, the property is secured by a long-term absolute NNN ground lease with more than 17 years remaining. The lease structure provides passive ownership with no landlord responsibilities and features 10% rent increases every five years, including during option periods, with the next increase in two years. The Wawa occupies the signalized southwest corner of Calcon Hook Road and Hook Road, capturing 39,500 vehicles per day, with dual curb cuts for efficient ingress and egress. The property serves a dense, built-out trade area of approximately 470,000 residents within five miles (151,000 within three miles), supporting strong daily-needs traffic and consistent fuel and convenience sales. Positioned less than two miles from Interstate 95 (156,000+ VPD) and Philadelphia International Airport (31 million annual travelers annually), the site benefits from exceptional regional connectivity and steady airport-driven demand. Wawa operates more than 1,100 locations nationwide, is Pennsylvania’s largest private company, and holds a BBB credit rating from Fitch, offering investors strong credit quality and long-term stability.

FOR SALE DETAILS

PRICE

$8,520,000 USD

PRICE/SF

$578 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,506 SF

ZONING

-

APN/PARCEL ID

15-00-01619-02

ASK ABOUT THIS PROPERTY

Steve SchrenkForged Real EstateMore Info
610-608-2621

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Steve SchrenkForged Real EstateMore Info
610-608-2621

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