801 Hill Ave | Wyomissing, PA 19610
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801 Hill Ave
Wyomissing, PA 19610
Wawa · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporately guaranteed lease with Wawa, the #1 convenience store/gas station operator in the mid-Atlantic region
- Wawa executed an absolute NNN lease offering zero landlord responsibilities or expenses making this a great 1031 option
- The Subject Property is the tenant’s newest prototype, a “Super Wawa”, with over 5,000 square feet of convenience store space
- Wawa has a shadow rating of “BBB” which is equivalent to investment grade credit and is one of the most sought after tenants in the net lease market
- 10% rental increases every 5 years in the base term of the lease and in each of the six, five-year options to renew
- Part of The Knitting Mills, an exciting new $70 million redevelopment mixed-use business and retail campus
PROPERTY FACTS
Property Type
Retail
Property Subtype
Service Station
Building Size
5,051 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.13 AC
Zoning
GC - General Commercial
PROPERTY TAXES
| Parcel Number | 96-5307-17-00-2319 | Improvements Assessment | $2,297,400 |
| Land Assessment | $999,200 | Total Assessment | $3,296,600 |
PROPERTY TAXES
Parcel Number
96-5307-17-00-2319
Land Assessment
$999,200
Improvements Assessment
$2,297,400
Total Assessment
$3,296,600
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