Investment Highlights

NEW 20-YEAR ABSOLUTE NNN GROUND LEASE
» New 20-year absolute NNN ground lease with six (6) extension periods of five (5) years each
» 10% rental increases every five years, providing an excellent hedge against inflation
» Long-term lease to strong and expanding operator with 900+ units
» Corporate guaranty from Wawa, Inc., ranked #25 on the Forbes Largest Private Companies List
» No landlord obligations – ideal no-management investment for an out-of area investor
» Redevelopment of a Wawa legacy store (built and operating since 1999) to a Super Wawa, which includes an expansion of the convenience store sales area from 3,000 SF to 5,585 SF and the addition of eight (8) MPDs
» 2021 construction to tenant’s latest prototype

EASILY ACCESSIBLE, GROWING, AND HIGH-TRAFFIC LOCATION IN POPULOUS PENNSYLVANIA SUBMARKET
» Located at the signalized four-way intersection of State Route 313/Dublin Pike and State Route 113/Bedminster Road (23,950 AADT)
» 46,927 residents within a five-mile radius of the property, providing a large customer base for the location
» Average annual household income of $117,527 within five miles of the location
» Projected 15 percent average annual household income increase within a three-mile radius of the property in the next five years, poising Wawa and Hilltown Township for significant concurrent growth
» Steady population growth of 2.5% projected in the next five years

CENTRAL LOCATION NEAR MULTIPLE TOURIST ATTRACTIONS, RETAILERS, AND COMMUNITY HUBS
» Surrounded by a strong mix of local and national retailers, including CVS, Dairy Queen, Western Union, U-Haul, and many more
» Beneficial location in the Pennridge School District (11 schools, 7,158 students)
» Within 16 miles of three State Game Lands hunting grounds, significantly increasing recreationist foot traffic to the location
» 12 miles from the Pennsylvania/New Jersey border, significantly increasing commuter traffic to the site
» Gateway to Philadelphia, the sixth-most populous city in the U.S.

Property Description

SOLD

The property is conveniently located at the signalized four-way intersection of State Route 313/Dublin Pike and State Route 113/Bedminster Road, with visibility and access to a combined 23,950 AADT. The site benefits from its location in a populous area, with 46,927 residents living within a five-mile radius of the property. With a projected 15 percent average annual household income increase within a three-mile radius of the property in the next five years, Wawa and Hilltown Township are poised for significant concurrent growth. The average annual household income of $117,527 within five miles of the location provides an extremely affluent customer base for the site. The location is also expected to experience steady population growth, with a projected population increase of 2.5% over the next five years.

The property has a central location near multiple area attractions, retailers, and community hubs. The site is surrounded by a strong mix of local and national retailers, including CVS, Dairy Queen, Western Union, U-Haul, and many more. The property also maintains a beneficial location in the Pennridge School District (11 schools, 7,158 students), greatly increasing lunchtime traffic to the location. The site benefits from its proximity within 16 miles of three State Game Lands hunting grounds, significantly increasing recreationist foot traffic to the location. Commuter traffic to the site is greatly increased by the property’s status as a common gateway to Philadelphia (the sixth-most populous city in the U.S.) and its location 12 miles from the Pennsylvania/New Jersey border.