2650 Ward Blvd - Convenience Store FOR SALE


Wilson, NC 27893
$5,600,000 USD
305-209-8866
2650 Ward Blvd, Wilson, NC for Sale
$5,600,000 USD
Convenience Store - FOR SALE
1/5
null | 5.29% Cap Rate

2650 Ward Blvd
Wilson, NC 27893


HIGHLIGHTS

  • Prime hard-corner location at Ward Blvd & Nash St N with ±29,000 AADT
  • Brand-new 2024 construction with zero landlord responsibilities
  • 10% rent increases every 5 years
  • Strong Demographics: Five-mile radius population of 54,579 with an average household income of $61,400.
  • Limited Competition: Nearest Wawa stores located 5.7 miles south and 6.1 miles via I-95, supporting strong trade area capture.
  • Growing Market Dynamics: Income levels projected to rise across 2-, 5-, and 10-mile radii over the next five years.

OVERVIEW

This brand-new 2024 Wawa in Wilson, North Carolina, presents a rare opportunity to acquire a long-term, absolute NNN ground lease backed by Wawa, one of the strongest and fastest-growing convenience store operators in the country. The property is strategically positioned at the signalized hard corner of Ward Boulevard and Nash Street North, offering exceptional visibility, multiple points of ingress and egress, and exposure to approximately 29,000 vehicles per day, supporting long-term traffic flow and site performance. Wawa’s continued aggressive expansion throughout the Southeast—including Georgia, Alabama, and the Carolinas, with additional growth planned in Tennessee and Kentucky—highlights the strength of the brand, its real estate strategy, and its long-term commitment to high-performing locations. The surrounding five-mile trade area includes over 54,500 residents with an average household income of $61,400, providing a solid mix of residential and daytime demand. With the nearest Wawa locations nearly six miles away, the site benefits from a protected trade area and limited direct competition. Wilson continues to experience steady economic and demographic growth, with projected income increases across 2-, 5-, and 10-mile radii over the next five years. Combined with the zero-landlord-responsibility structure of the absolute NNN lease, this offering delivers a turnkey, passive investment in a growing North Carolina market—ideal for 1031 exchange buyers and long-term, income-focused investors.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$926 USD /SF

CAP RATE

5.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand-New Wawa | 18+ Year Corporate NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,659 SF

ZONING

C

APN/PARCEL ID

3713-70-4108.000

ASK ABOUT THIS PROPERTY

Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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