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Brand-New Wawa | 18+ Year Corporate NNN Lease 2650 Ward Blvd 6,050 SF Retail Building Wilson, NC 27893 $5,600,000 ($925.62/SF) 5.29% Cap Rate
Investment Highlights
- Prime hard-corner location at Ward Blvd & Nash St N with ±29,000 AADT
- 10% rent increases every 5 years
- Limited Competition: Nearest Wawa stores located 5.7 miles south and 6.1 miles via I-95, supporting strong trade area capture.
- Brand-new 2024 construction with zero landlord responsibilities
- Strong Demographics: Five-mile radius population of 54,579 with an average household income of $61,400.
- Growing Market Dynamics: Income levels projected to rise across 2-, 5-, and 10-mile radii over the next five years.
Executive Summary
This brand-new 2024 Wawa in Wilson, North Carolina, presents a rare opportunity to acquire a long-term, absolute NNN ground lease backed by Wawa, one of the strongest and fastest-growing convenience store operators in the country. The property is strategically positioned at the signalized hard corner of Ward Boulevard and Nash Street North, offering exceptional visibility, multiple points of ingress and egress, and exposure to approximately 29,000 vehicles per day, supporting long-term traffic flow and site performance.
Wawa’s continued aggressive expansion throughout the Southeast—including Georgia, Alabama, and the Carolinas, with additional growth planned in Tennessee and Kentucky—highlights the strength of the brand, its real estate strategy, and its long-term commitment to high-performing locations. The surrounding five-mile trade area includes over 54,500 residents with an average household income of $61,400, providing a solid mix of residential and daytime demand. With the nearest Wawa locations nearly six miles away, the site benefits from a protected trade area and limited direct competition.
Wilson continues to experience steady economic and demographic growth, with projected income increases across 2-, 5-, and 10-mile radii over the next five years. Combined with the zero-landlord-responsibility structure of the absolute NNN lease, this offering delivers a turnkey, passive investment in a growing North Carolina market—ideal for 1031 exchange buyers and long-term, income-focused investors.
Wawa’s continued aggressive expansion throughout the Southeast—including Georgia, Alabama, and the Carolinas, with additional growth planned in Tennessee and Kentucky—highlights the strength of the brand, its real estate strategy, and its long-term commitment to high-performing locations. The surrounding five-mile trade area includes over 54,500 residents with an average household income of $61,400, providing a solid mix of residential and daytime demand. With the nearest Wawa locations nearly six miles away, the site benefits from a protected trade area and limited direct competition.
Wilson continues to experience steady economic and demographic growth, with projected income increases across 2-, 5-, and 10-mile radii over the next five years. Combined with the zero-landlord-responsibility structure of the absolute NNN lease, this offering delivers a turnkey, passive investment in a growing North Carolina market—ideal for 1031 exchange buyers and long-term, income-focused investors.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
6,050 SF
Building Class
B
Year Built
2024
Price
$5,600,000
Price Per SF
$925.62
Cap Rate
5.29%
NOI
$296,045
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.97 AC
Zoning
C - Commercial
Frontage
627’ on Ward Boulevard
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 3713-70-4108.000 | Improvements Assessment | $1,001,700 |
| Land Assessment | $420,200 | Total Assessment | $1,421,900 |
Property Taxes
Parcel Number
3713-70-4108.000
Land Assessment
$420,200
Improvements Assessment
$1,001,700
Total Assessment
$1,421,900
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Brand-New Wawa | 18+ Year Corporate NNN Lease | 2650 Ward Blvd
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