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3111 State Rd
Croydon, PA 19021
Wawa · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Long-Term, 20-Year Absolute Triple Net (NNN) Ground Lease
  • Ten Percent (10.0%) Rental Increases Every Five (5) Years
  • Corporate Location Corporate Guarantee
  • Brand New 2019 Construction
  • Six (6), Five (5)-Year Tenant Renewal Options
  • Wawa is a chain of over 800 Convenience Stores With More Than$9.1 Billion in Annual Revenue

PROPERTY FACTS

Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,500 SF
Building Class
B
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.24 AC
Zoning
05M2
Parking
20 Spaces (3.63 Spaces per 1,000 SF Leased)
Frontage
232’ on State Rd

ABOUT 3111 STATE RD , CROYDON, PA 19021

This Wawa is located at 3111 State Road in Croydon, Pennsylvania. Croydon is located approximately 17 miles northeast of Philadelphia and sits along the Delaware River. Surrounding Retail and Points of Interest This property is strategically located within a retail, commercial, residential and transportation corridor. Major national tenants in the surrounding area include, Rite Aid, Dollar Tree, Dollar General, Ollie’s Bargain Outlet, McDonald’s, AutoZone, Aaron’s, as well as many more. Roosevelt Middle School is located less than one mile away from the subject property and has a student enrollment of over 550. Bucks County Community College is also less than one mile away from Wawa and currently enrolls 10,200 students. The Lower Bucks Hospital, a 175-bed hospital, is located in close proximity of the subject property. Being situated along the Delaware River makes the area very friendly to shipping and manufacturing. Traffic Counts and Demographics There are approximately 71,443 individuals residing within a three-mile radius of the property and more than 218,000 individuals within a five-mile radius. The subject property is located on State Road, which experiences an average daily traffic count of 13,000 vehicles. State Road intersects with Veteran Highway, which brings an 27,908 vehicles per day to the area and is located near Bristol Pike, which brings an additional 29,073 vehicles to the area. Croydon, Pennsylvania Croydon is a town located in Bucks County, Pennsylvania. It is located along the Delaware River, which creates a border between Pennsylvania and New Jersey, and is navigable by ocean-going vessels as far up as Trenton. It is home to the headquarters of several notable mid-size businesses, including PAC Industries and Denaq Laptop Batteries. Croydon benefits from its proximity to Philadelphia as it is located approximately 17 miles northeast of the city. Philadelphia is the sixth-most populous U.S. City and apart of the eighth-largest U.S. metropolitan statistical area. The city is also the economic and cultural anchor of the greater Delaware Valley. Philadelphia is home to the headquarters of five Fortune 1000 companies and the cities economic sectors include financial services, health care, biotechnology, information technology, manufacturing, oil refining, food processing, and tourism. Financial activities account for the largest of these sectors and the metropolitan area also offers one of the largest health education and research centers in the United States. The city also offers the third-largest student concentration on the East Coast, with over 120,000 college and university students enrolled within the city and over 300,000 within the metropolitan area.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-058-155
Land Assessment
$21,580
Improvements Assessment
$164,320
Total Assessment
$185,900
  • Listing ID: 17303140

  • Date on Market: 9/26/2019

  • Last Updated:

  • Address: 3111 State Rd, Croydon, PA 19021

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