412 S York Rd - Convenience Store FOR SALE


Hatboro, PA 19040
$7,550,388 USD
215-531-7026
412 S York Rd, Hatboro, PA for Sale
$7,550,388 USD
Convenience Store - FOR SALE
1/8
null | 5.15% Cap Rate

412 S York Rd
Hatboro, PA 19040


HIGHLIGHTS

  • Corporate-guaranteed 20-year NNN ground lease with zero landlord obligations
  • Liquor license in place—less than 10% of Wawa locations in PA have this feature
  • Dense, affluent trade area with 200K+ residents within 5 miles and AHHI over $124K
  • Located at a signalized intersection with 24,000+ VPD and direct access to I-276
  • 30 miles from Wawa HQ; tenant is PA’s largest private company by revenue
  • Surrounded by major employers, hospitals, and schools driving consistent traffic

OVERVIEW

This newly constructed Wawa location in Hatboro, PA presents a rare opportunity to acquire a high-performing, net-leased asset backed by one of the most dominant convenience and fuel brands in the Mid-Atlantic. The property sits on a signalized intersection at York Road (Route 263) and Horsham Road (Route 463), with combined traffic counts exceeding 24,000 vehicles per day. The 20-year NNN ground lease commenced in November 2023 and is backed by a corporate guarantee from Wawa, Inc., offering investors long-term income security with zero landlord responsibilities. Strategically located just 30 miles from Wawa’s corporate headquarters, this site benefits from strong brand loyalty and limited competition. The tenant holds a liquor license—an uncommon feature among Wawa locations—enhancing its revenue potential. The lease includes 10% rental increases every five years, providing a built-in hedge against inflation and long-term value growth. The surrounding Montgomery County submarket is one of the most affluent and densely populated in Pennsylvania, with over 200,000 residents within a 5-mile radius and average household incomes exceeding $124,000. The area is supported by major employers such as Abington Jefferson Health, Pfizer, and Montgomery County Government, and is home to several top-ranked schools and universities. This offering is ideal for investors seeking a passive, stable, and inflation-protected income stream from a nationally recognized tenant in a premier suburban Philadelphia location.

FOR SALE DETAILS

PRICE

$7,550,388 USD

PRICE/SF

$1,352 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,585 SF

ZONING

R4

APN/PARCEL ID

08-00-06724-009

ASK ABOUT THIS PROPERTY

Derrick DoughertyDougherty And Partners of Marcus & MillichapMore Info
215-531-7026

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Derrick DoughertyDougherty And Partners of Marcus & MillichapMore Info
215-531-7026

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