Wawa NWC OF SUSSEX HWY & EAST MARKET ST GREENWOOD, DE 19950 5,915 SF Retail Building Greenwood, DE 19950 $9,192,934 CAD ($1,554.17 CAD/SF) 5.10% Cap Rate

NEW 20-YEAR NNN GROUND LEASE WITH 10% INCREASES EVERY 5 YEARS
Wawa will operate in a newly constructed 5,915-square-foot convenience store with 8 fueling pumps. The property is situated upon a 4.06-acre signalized corner parcel at the northwest corner of Sussex Highway (Route 13) and East Market Street (Route 16) with combined traffic counts of 21,009 VPD.
4 AC. SIGNALIZED CORNER AT REGIONAL CROSSROADS
Route 13 serves as the primary north-south corridor connecting Dover (State Capital), and Salisbury, Maryland- the second largest Maryland City on the Delmarva Peninsula.
Route 16 is as an important east-west route linking Baybridge beach-bound traffic to the Coastal Resort areas. This strategic location allows Wawa to capture local traffic, commuter traffic, and seasonal travel between the Delaware shore communities and the broader Delmarva Peninsula.
WAWA DOUBLES DOWN ON CROSSROADS LOCATIONS
Wawa opened the Bridgeville location in November of 2014, just 5.5 miles south on Route 13. Its crossroads location has similar commuter traffic patterns as the subject location. The intersection draws residents from Greenwood, Bridgeville, Seaford, Ellendale, and numerous surrounding communities, drawing from a wide trade radius.
More than 60% of the customer traffic to the neighboring Royal Farms is from more than 10 miles away (per Placer.Ai).
ABILTY TO DRAW FROM BUSY ROYAL FARMS WITH NEWER FACILITY
Wawa will benefit over the neighboring Royal Farms by offering a newer facility and also being at the first signal for traffic going west to the Resorts.
The Royal Farms location across the intersection, according to Placer.ai, averages over 750,300 annual customer visits and ranks in the 89th percentile among all locations chainwide, demonstrating the strength of convenience retail demand within the immediate market. This Royal Farms has three fuel canopy’s; an indicator of the fuel volumes pumped in Greenwood.
BEST-IN-CLASS RETAILER
Wawa, Inc. is a best-in-class tenant within the highly sought-after convenience sector and a tier-one retailer that is both online and recession resistant. Wawa operates over 1,000 locations in the Mid-Atlantic and Florida and reported more than $18.8 billion in Gross Annual Sales Revenue. Wawa is currently #2 on CSP Magazine’s “Fuels 50” list, which ranks convenience store brands by market efficiency, as well as Food & Wine Magazine’s America’s Best Convenience Stores, 2nd only to Texas-based Buc-ee’s on both. In 2025, Forbes Magazine ranked the company number 21 on its list of America’s Largest Private Companies. The company maintains a shadow credit rating from Fitch, which is investment grade.