2853 US Highway 70 W - Convenience Store FOR SALE


Goldsboro, NC 27530
$5,520,000 USD
415-852-5177
2853 US Highway 70 W, Goldsboro, NC for Sale
$5,520,000 USD
Convenience Store - FOR SALE
1/8
null | 5% Cap Rate

2853 US Highway 70 W
Goldsboro, NC 27530


HIGHLIGHTS

  • New 20-year absolute NNN ground lease with six (6) extension periods of five (5) years each
  • 10% rental increases every five years in option periods.
  • No landlord obligations – ideal no-management investment for an out-of-area investor.
  • Wawa plans to nearly double its store count by 2030 to approximately 1,800 locations.
  • Corporate guaranty from Wawa, Inc., ranked #20 on the Forbes Largest Private Companies List.

OVERVIEW

Prime Location: Strategically situated on U.S. Hwy 70 E, ensuring high visibility and accessibility. Well-Established Brand: Wawa’s reputation for quality service and fresh food attracts a loyal customer base. Modern Amenities: Features state-of-the-art fueling stations and a clean, well-maintained convenience store. High Traffic Volume: Significant daily traffic counts provide excellent exposure and consistent footfall. Growing Community: Goldsboro’s steady growth creates increasing demand for fuel and convenience services. Residential and Commercial Hub: Surrounded by a mix of residential neighborhoods and commercial establishments for a diverse customer base. Accessible Transportation Routes: Easy access to major highways (U.S. Highway 70, NC-581 Highway, and Interstate 42) facilitates travel for local residents and passing motorists. Diverse Customer Base: Attracts commuters, tourists, and local residents, providing multiple revenue streams. Fuel and Convenience Synergy: Combines fuel services with a convenience store to maximize customer visits and sales potential.

FOR SALE DETAILS

PRICE

$5,520,000 USD

PRICE/SF

$905 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Service Station, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.65 AC

LAND SF

115,434 SF

ZONING

CS

APN/PARCEL ID

2671815879

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

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