This newly constructed Wawa convenience store and fueling station presents a premier single-tenant net lease investment in East Stroudsburg, Pennsylvania. Scheduled to open April 10, 2025, the property spans 5,500 square feet on a 3.12-acre parcel and features 16 multi-pump dispensers, ample parking, and modern design. The asset is backed by a 20-year absolute NNN ground lease with corporate guarantee, providing investors with long-term stability and zero landlord responsibilities.
Strategically located less than one mile from Interstate 80, the property benefits from exceptional visibility along Route 209, which sees over 17,000 vehicles per day. The site sits within the Smithfield Gateway development, a transformative 500,000-square-foot mixed-use project anchored by St. Luke’s University Health Network and complemented by retail, office, and residential components. This dynamic environment ensures strong consumer traffic and sustained demand.
The Pocono region is a top-tier tourist destination attracting 27 million annual visitors, while East Stroudsburg University adds a steady local population of over 5,000 students. With a 10% rental increase every five years and six renewal options, this investment offers predictable income growth and inflation protection. Wawa’s strong brand presence and credit profile further enhance the security of this opportunity, making it an ideal addition to any portfolio seeking stable, long-term returns.