For Sale
$6,190,000

10 Bernville RdRobesonia, PA 19551

High-yield Wawa NNN ground lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple/ground leasehold interest in a brand-new, 5,850-square-foot Wawa convenience store and gas station located at 10 Bernville Rd, Robesonia, PA 19551. Built in 2024, this property sits on a 1.49-acre lot and boasts a 100% occupancy rate with a 20-year lease expiring November 30, 2044. The lease includes six 5-year renewal options with a 10% rent increase every five years and at each option period. The property generates a strong net operating income (NOI) of $325,000, resulting in a compelling 5.25% cap rate. The tenant, Wawa, is a credit-rated, investment-grade tenant, providing significant financial security. This NNN (triple net) lease structure ensures minimal landlord responsibilities, making it an ideal passive investment. The property enjoys high visibility and accessibility at the signalized intersection of Route 422 and Bernville Road, benefiting from combined daily traffic counts of 18,594 vehicles. The strategic location near other retailers like Dunkin', CVS, and Dollar General, along with proximity to schools and community services, further enhances its value. The property features six double-sided gas pumps, allowing for twelve vehicles to fuel simultaneously. The asking price for this exceptional investment is $6,190,000.

Highlights

  • Investment-grade Wawa tenant with a shadow rating of BBB.
  • Brand new, 5,850 sq ft Wawa convenience store and gas station built in 2024.
  • Last Wawa on Route 422 heading west towards Harrisburg; next closest is 20 minutes away.
  • 20-year corporately guaranteed lease with 10% rent increases every 5 years.
  • Excellent location near Dunkin', CVS, Dollar General, schools, and other community services.
  • NNN ground lease with zero landlord responsibilities.

Property Details for 10 Bernville Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
5,850 SF
Year Built
2024
Lot Size (sq. ft)
64,904 SF

Location Insight

City
Robesonia
County
Berks
State
Pennsylvania
Latitude
40.354577004935
Longitude
-76.143048924608
10 Bernville Rd, Robesonia, Pennsylvania

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10 Bernville Rd
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