801 Hill Ave - Service Station FOR SALE
Wyomissing, PA 19610 |
801 Hill Ave
Wyomissing, PA 19610
HIGHLIGHTS
- Corporately guaranteed lease with Wawa, the #1 convenience store/gas station operator in the mid-Atlantic region
- Wawa has a shadow rating of “BBB” which is equivalent to investment grade credit and is one of the most sought after tenants in the net lease market
- Wawa executed an absolute NNN lease offering zero landlord responsibilities or expenses making this a great 1031 option
- 10% rental increases every 5 years in the base term of the lease and in each of the six, five-year options to renew
- The Subject Property is the tenant’s newest prototype, a “Super Wawa”, with over 5,000 square feet of convenience store space
- Part of The Knitting Mills, an exciting new $70 million redevelopment mixed-use business and retail campus
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Wawa
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
5051
STORIES
1
YEAR BUILT
2019
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
96-5307-17-00-2319
