2650 Ward Blvd - Freestanding FOR SALE


Wilson, NC 27893
$5,920,900 USD
305-209-8866
2650 Ward Blvd, Wilson, NC for Sale
$5,920,900 USD
Freestanding - FOR SALE
1/5
null | 5% Cap Rate

2650 Ward Blvd
Wilson, NC 27893


HIGHLIGHTS

  • Prime Retail Location: High-visibility, easily accessible hard-corner site at Ward Blvd & Nash St N with 29,000 AADT.
  • Brand-New Construction: 2024 build with a long-term, absolute NNN ground lease offering passive, zero-landlord-responsibility income.
  • Reliable Tenancy: Wawa is aggressively expanding across the Southeast, adding locations in GA, AL, and the Carolinas, with TN and KY planned.
  • 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, offers investors a rare opportunity to acquire a long-term, absolute NNN ground lease backed by one of the strongest convenience store operators in the nation. Positioned at the signalized hard corner of Ward Boulevard and Nash Street North, the property benefits from exceptional visibility, easy ingress/egress, and a combined traffic count of approximately 29,000 AADT, ensuring consistent customer flow and long-term site viability. Wawa’s aggressive expansion across the Southeast—now entering Georgia, Alabama, and the Carolinas with plans for Tennessee and Kentucky—underscores the strength and stability of the tenant. The surrounding five-mile radius is home to over 54,500 residents with an average household income of $61,400, supporting both strong daytime and residential demand. With the nearest Wawa locations nearly 6 miles away, this asset enjoys a strategically protected trade area with 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 Wawa represents a turnkey, passive investment in a growing North Carolina market—perfect for 1031 buyers and long-term income-focused investors.

FOR SALE DETAILS

PRICE

$5,920,900 USD

PRICE/SF

$465 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand-New Wawa | 18+ Year Corporate NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

GC

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.