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101 Easton Rd
Horsham Township, PA 19044
Wawa | Horsham, PA · Retail Property For Sale
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
CBRE is pleased to exclusively present for sale
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.
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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,585 SF
Year Built
2018
Price
$7,520,000
Price Per SF
$1,346.46
Cap Rate
5.25%
NOI
$394,849
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.00 AC
Zoning
I1
Amenities
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 36-00-00901-008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,244,880 |
Property Taxes
Parcel Number
36-00-00901-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,244,880
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