Description

This newly constructed Wawa retail property, completed in 2023, represents a prime investment opportunity in Hatboro, Pennsylvania. Situated on 2.33 acres with a Gross Leasable Area of 5,585 square feet, the property is fully occupied under a long-term lease structure with a stable tenant. The asset benefits from a high-traffic location along S York Rd, boasting a traffic count of 24,500 vehicles per day. Designed for durability and modern functionality, the property delivers strong operational performance with in-place rents of $32,404 per month and an NOI of $388,845 annually, resulting in a cap rate of 5.15%.

Positioned in a thriving retail submarket, this property offers institutional-grade fundamentals, including a competitive price per square foot of $1,352 and a price per acre of $3,240,858. The lease terms provide stable cash flow with minimal risk and no immediate rollover, ensuring predictable performance. With market rents aligned to in-place rents, this investment offers both immediate yield and long-term value retention. Its strategic location and robust tenancy profile make this asset an attractive addition to a diversified portfolio focused on retail properties. Investors seeking quality, stability, and prime market positioning will find this offering compelling.