Log In/Sign Up
Your email has been sent.
Wawa 1100 Calcon Hook Rd 5,026 SF 4-Star Retail Building Sharon Hill, PA 19079 $8,520,000 ($1,695.19/SF) 5% Cap Rate
Investment Highlights
- ABSOLUTE NNN GROUND LEASE WITH 10% RENTAL INCREASES & 5.50% STEP-UP YIELD
- PRIME, HIGH-EXPOSURE CORNER LOCATION
- LESS THAN 2 MILES FROM INTERSTATE 95 (156,000+ VPD)
- STRATEGIC HOME-MARKET LOCATION – DELAWARE COUNTY, PA
- DOMINANT INVESTMENT CREDIT TENANT (FITCH: BBB)
- LESS THAN 2 MILES FROM PHILADELPHIA INTERNATIONAL AIRPORT (PHL)
Executive Summary
Forged Real Estate exclusively offers the fee simple interest in a single-tenant Wawa property in Sharon Hill, approximately five miles southwest of Philadelphia. The asset is located within the Philadelphia MSA—the 9th largest metropolitan area in the United States—with a population of approximately 6.33 million residents. Situated in Delaware County, home to Wawa’s headquarters, the property is secured by a long-term absolute NNN ground lease with more than 17 years remaining. The lease structure provides passive ownership with no landlord responsibilities and features 10% rent increases every five years, including during option periods, with the next increase in two years.
The Wawa occupies the signalized southwest corner of Calcon Hook Road and Hook Road, capturing 39,500 vehicles per day, with dual curb cuts for efficient ingress and egress. The property serves a dense, built-out trade area of approximately 470,000 residents within five miles (151,000 within three miles), supporting strong daily-needs traffic and consistent fuel and convenience sales.
Positioned less than two miles from Interstate 95 (156,000+ VPD) and Philadelphia International Airport (31 million annual travelers annually), the site benefits from exceptional regional connectivity and steady airport-driven demand. Wawa operates more than 1,100 locations nationwide, is Pennsylvania’s largest private company, and holds a BBB credit rating from Fitch, offering investors strong credit quality and long-term stability.
The Wawa occupies the signalized southwest corner of Calcon Hook Road and Hook Road, capturing 39,500 vehicles per day, with dual curb cuts for efficient ingress and egress. The property serves a dense, built-out trade area of approximately 470,000 residents within five miles (151,000 within three miles), supporting strong daily-needs traffic and consistent fuel and convenience sales.
Positioned less than two miles from Interstate 95 (156,000+ VPD) and Philadelphia International Airport (31 million annual travelers annually), the site benefits from exceptional regional connectivity and steady airport-driven demand. Wawa operates more than 1,100 locations nationwide, is Pennsylvania’s largest private company, and holds a BBB credit rating from Fitch, offering investors strong credit quality and long-term stability.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
5,026 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Price
$8,520,000
Price Per SF
$1,695.19
Cap Rate
5%
NOI
$426,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.94 AC
Amenities
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-00-01619-02 | Improvements Assessment | $1,446,620 |
| Land Assessment | $154,980 | Total Assessment | $1,601,600 |
Property Taxes
Parcel Number
15-00-01619-02
Land Assessment
$154,980
Improvements Assessment
$1,446,620
Total Assessment
$1,601,600
Contacts
-
Steve Schrenk -
James Yi -
Marc Mandel -
Marco DiPrinzio -
Maxwell Leonard -
Forged Real Estate
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Wawa | 1100 Calcon Hook Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.