Log In/Sign Up
Your email has been sent.
Brand-New Wawa | 18+ Year Corporate NNN Lease 2650 Ward Blvd 5,400 SF Retail Building Wilson, NC 27893 $5,920,900 ($1,096.46/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Retail Location: High-visibility, easily accessible hard-corner site at Ward Blvd & Nash St N with 29,000 AADT.
- Reliable Tenancy: Wawa is aggressively expanding across the Southeast, adding locations in GA, AL, and the Carolinas, with TN and KY planned.
- Limited Competition: Nearest Wawa stores located 5.7 miles south and 6.1 miles via I-95, supporting strong trade area capture.
- Brand-New Construction: 2024 build with a long-term, absolute NNN ground lease offering passive, zero-landlord-responsibility income.
- 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, offers investors a rare opportunity to acquire a long-term, absolute NNN ground lease backed by one of the strongest convenience store operators in the nation. Positioned at the signalized hard corner of Ward Boulevard and Nash Street North, the property benefits from exceptional visibility, easy ingress/egress, and a combined traffic count of approximately 29,000 AADT, ensuring consistent customer flow and long-term site viability.
Wawa’s aggressive expansion across the Southeast—now entering Georgia, Alabama, and the Carolinas with plans for Tennessee and Kentucky—underscores the strength and stability of the tenant. The surrounding five-mile radius is home to over 54,500 residents with an average household income of $61,400, supporting both strong daytime and residential demand. With the nearest Wawa locations nearly 6 miles away, this asset enjoys a strategically protected trade area with 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 Wawa represents a turnkey, passive investment in a growing North Carolina market—perfect for 1031 buyers and long-term income-focused investors.
Wawa’s aggressive expansion across the Southeast—now entering Georgia, Alabama, and the Carolinas with plans for Tennessee and Kentucky—underscores the strength and stability of the tenant. The surrounding five-mile radius is home to over 54,500 residents with an average household income of $61,400, supporting both strong daytime and residential demand. With the nearest Wawa locations nearly 6 miles away, this asset enjoys a strategically protected trade area with 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 Wawa represents a turnkey, passive investment in a growing North Carolina market—perfect for 1031 buyers and long-term income-focused investors.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,400 SF
Building Class
B
Year Built
2024
Price
$5,920,900
Price Per SF
$1,096.46
Cap Rate
5%
NOI
$296,045
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.96 AC
Zoning
GC
Parking
46 Spaces (8.52 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
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
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Brand-New Wawa | 18+ Year Corporate NNN Lease | 2650 Ward Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.