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Wawa | Horsham, PA 101 Easton Rd 5,585 SF Retail Building Horsham Township, PA 19044 $10,284,127 CAD ($1,841.38 CAD/SF) 5.25% Cap Rate
Investment Highlights
- 12+ years remaining on corporately guaranteed NNN ground lease with 10% rent increases every five years.
- Investment-grade tenant Wawa, Inc. with ~$18.6B in annual revenue.
- Located along the dense Route 611 retail corridor with major national retailers.
- Signalized corner location in Horsham, Pennsylvania with 66,775 VPD and excellent visibility.
- Less than 0.5 miles from the Pennsylvania Turnpike (I-276) interchange (100,000+ VPD).
- Strong demographics and daytime population near Pennsylvania Business Campus and Jefferson Health – Willow Grove.
Executive Summary
this Absolute-Net Lease investment leased to Wawa, Inc., located at the signalized intersection of Easton Road and Blair Mill Road in Horsham, Pennsylvania. The property benefits from strong visibility at a signalized hard corner along a heavily trafficked retail corridor with exposure to 66,775 vehicles per day.
The Wawa operates on a long-term, corporately guaranteed Absolute-Net Lease with more than 12 years remaining on the initial 20-year term, six five-year renewal options, and scheduled 10 percent rental increases every five years throughout both the base term and all option periods. The Absolute-Net Lease structure provides a completely passive ownership experience, with Wawa responsible for all operating expenses, management, and capital items, including roof and structure.
The property is situated within a larger retail site also occupied by CVS and P.J. Whelihan’s, along with two additional improved and fully approved shovel-ready pad sites that provide future development upside across the overall site. The strong co-tenancy and established retail environment further enhance the long-term durability of the real estate.
Wawa, Inc. is a leading convenience store and fuel operator in the eastern United States and carries a shadow credit rating equivalent to BBB. The company ranks #21 on the Forbes 2025 list of America’s Top Private Companies and is Pennsylvania’s largest private company, generating approximately $18.64 billion in annual revenue. Wawa’s investment-grade credit profile and brand strength make it one of the most sought-after tenants in the net lease sector.
Property Facts
Amenities
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 5,585 SF
- -
- Triple Net
- Nov 2038
Wawa, Inc., a privately held company, began in 1803 as an iron foundry in New Jersey. Toward the end of the 19th Century, owner George Wood took an interest in dairy farming and the family began a small processing plant in Wawa, PA in 1902. The milk business was a huge success, due to its quality, cleanliness and “certified” process. As home delivery of milk declined in the early 1960s, Grahame Wood, George’s grandson, opened the first Wawa Food Market in 1964 as an outlet for dairy products. Today, Wawa is your all day, every day stop for freshly prepared foods, beverages, coffee, fuel services and surcharge-free ATMs. Wawa stores are located in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Florida and Washington, D.C. The stores offer a large fresh foodservice selection, including Wawa brands such as custom prepared hoagies, freshly-brewed coffee, hot breakfast sandwiches, specialty beverages and an assortment of soups, sides and snacks.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 5,585 SF | - | Triple Net | Nov 2038 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 36-00-00901-008 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,437,795 CAD |
Property Taxes
Presented by
Wawa | Horsham, PA | 101 Easton Rd
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