CBRE is pleased to exclusively present a brand new 20-year absolute NNN ground lease with Wawa, one of the most sought-after net-lease tenants. The 6,372± SF property is situated on a 3.2± acre parcel at a signalized hard corner offering exceptional visibility and access, and next door to a new incoming McDonald’s and adjacent to a new Walmart Neighborhood Market.
The lease features fixed rental increases throughout the term and provides truly passive ownership with no landlord responsibilities. Wawa demonstrates strong financial performance and an aggressive growth trajectory, reporting a 22% revenue increase in 2023 to $18.23 billion and earning recognition from Forbes as one of the largest private companies in the U.S. Further reinforcing its market position, Wawa has announced plans for its largest expansion to date, targeting up to 700 new locations over the next five years and approximately 1,800 stores nationwide by 2030.