Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a Wawa ground lease located at 201 S Cedar Crest Boulevard in Emmaus, Pennsylvania (“the Property”). Constructed in 2021, the gas station and convenience store has 14+ years remaining on its Absolute NNN Ground Lease with six (6), 5-year renewal options. The lease calls for attractive 10% rent increases every five years throughout the primary lease term and at the start of each of the five-year renewal options.
Wawa occupies a highly strategic location along S Cedar Crest Boulevard (PA Route 29), a major north-south commercial and commuter corridor serving Emmaus and the surrounding Lehigh Valley. The site benefits from convenient access to Interstate 78/PA Route 309, providing connectivity to Allentown, Bethlehem, Easton, and the broader New York–Philadelphia corridor. The immediate trade area is supported by established residential neighborhoods, retail and service businesses, healthcare facilities, and educational institutions, creating consistent daily traffic and a diverse customer base. A particularly strong demand driver is Emmaus High School, located approximately 0.3 miles from the Property. The school serves more than 2,200 students in grades 9–12, while the broader East Penn School District employs more than 500 teachers and administrators and serves approximately 8,000 students. The Property also benefits from proximity to Lehigh Valley Hospital–Cedar Crest, Cedar Crest College, and numerous businesses and employers throughout the Cedar Crest Boulevard corridor.
Wawa’s location along a heavily traveled regional roadway, combined with nearby schools, healthcare facilities, residential neighborhoods, and employment centers, provides multiple sources of recurring customer traffic throughout the day. Convenient access to I-78 further expands the potential trade area to commuters and regional travelers, while the surrounding residential density supports repeat patronage for fuel, food, beverages, and convenience-oriented retail. The combination of visibility, accessibility, established demand generators, and proximity to major transportation routes creates a compelling location for a high-volume convenience and fuel operation.