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545 W Trenton Ave
Morrisville, PA 19067
Wawa Gas/Convenience · Retail Property For Sale
Investment Highlights
- New 20 year NNN ground lease with 19 years remaining and zero landlord responsibilities or expenses
- Brand new construction property featuring Wawa's newest prototype
- Closest gas station (1.5 miles) to the on/off ramps of US Hwy 1 with traffic counts of 50,000 vehicles per day
- Wawa has a Fitch rating (as of March 26, 2020) of “BBB” stable outlook, which is equivalent to investment grade credit
- 10% rental increases in the base term of the lease and in each of the six, five year options to renew
- Densely populated market with 10,954 people within 1 mile, 106,519 people within 3 miles and 253,194 people within 5 miles
Property Facts
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,585 SF
Building Class
B
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.00 AC
Zoning
HC
Parking
67 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 13-028-028 | Improvements Assessment | $48,120 |
| Land Assessment | $52,310 | Total Assessment | $100,430 |
Property Taxes
Parcel Number
13-028-028
Land Assessment
$52,310
Improvements Assessment
$48,120
Total Assessment
$100,430
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