Wawa Real Estate For Sale

Wawa NNN Properties

WAWA is not only a brand on the move redefining the traditional view of a convenience store creating a lifestyle brand. This is also a perfect net lease investment opportunity due to the brands popularity and ease at attracting long-term tenants.

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The third-largest retailer of food in Greater Philadelphia Wawa Inc. is an American chain of convenience stores and gas stations located along the East Coast of the United States operating in various locations.

Wawa is strongly favored by millions of customers thanks to its delicious healthy alternative foods compared to other gas station brands.

As of 2020, Wawa has been operating in 900 locations providing gasoline, beverages, dairy products, salads, prepared foods, snacks, coffee, and hoagies. 

In 2019, Wawa was reported to have a revenue of $13 billion. 

Wawa has reported opening 9 new locations in New Jersey by the end of 2021 and 120 new stores in Florida by 2022. 

The company serves 400 million customers every year and has an annual revenue of about $13 billion (2019). 

For NNN investments Wawa is a great opportunity for investors because Wawa net leases properties offer an investor long-term security and absolutely no management responsibilities in the form of a 20-year primary term ground lease with an 8% - 10% rent increase every 5 years. An average Wawa store generates an approximately $231,529 net operating income with a cap rate of 4.50% to 4.80%.

Wawa convenience stores are one of the hottest and most sought-after NNN investment properties on the market today. Landlords are comforted by the fact that the tenants are making a significant capital investment in the building after which the leased property will become the property of the ground lease owner.

Storefront Example

NNN Wawa

Warminster, PA

$5,680,851

The Property was constructed for Wawa in 2013 […]

4.70%

11.9

N/a

Storefront Example

NNN Wawa

Allentown, PA

$9,300,000

Lease with 6 (5-year) options to extend, demonstrating […]

4.50%

20.3

N/a

Storefront Example

NNN Wawa

Apopka, FL

$2,300,000

Lease features 2 (5-year) options to extend with […]

5.75%

3.4

N/a

Storefront Example

NNN Wawa

North Bergen, NJ

$12,342,000

Strategic, high-traffic location along U.S. Route 9/Tonnelle Avenue, […]

20

N/a

Storefront Example

NNN Wawa

Ashburn, VA

$7,647,059

New 20-year lease with 10% increases every five […]

4.25%

20.2

N/a

Storefront Example

NNN Wawa

Richmond, VA

$5,500,000

Rare, 10% Increases every 5 Years throughout initial […]

4.30%

14

N/a

Storefront Example

NNN Wawa

Belle Isle, FL

$4,756,000

Corporate Guaranteed | Options to Extend |Scheduled Rental […]

4.50%

16.2

N/a

Storefront Example

NNN Wawa

Orlando, FL

$5,660,870

More than 13 years remaining on the 20-year […]

4.60%

13.8

N/a

Storefront Example

NNN Wawa

Hialeah, FL

$12,000,000

Lease with 6 (5-year) options to extend, demonstrating […]

4.50%

20.2

N/a

Storefront Example

NNN Wawa

Pompano Beach, FL

$6,250,000

10% Rental Increases every Five Years in Base […]

4.40%

20

N/a

Storefront Example

NNN Wawa

Margate, FL

$7,250,000

Six, Five-Year Renewal Options. 8% increases every Five […]

4.50%

20

N/a

Storefront Example

NNN Wawa

Miami, FL

$6,321,840

Investment grade tenant- Fitch rated BBB. Hard corner […]

4.35%

20

N/a

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