Listing banner image
  • Asking Price
    $7,550,388Asking Price
  • NOI
    $388,845NOI
  • Cap Rate
    5.15%Cap Rate
  • WALT
    18.30 YearsWALT
  • Year Built
    2023Year Built
  • Property Type
    RetailProperty Type

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...

Documents

Offering Summary

  • Asking Price
    $7,550,388
  • Price PSF
    $1,352
  • Price/Acre
    $3,240,858
  • Property Type
    Retail
  • Size
    5,585 SF
  • Available
    5,585 SF
  • Occupancy
    100%
  • Built
    2023
  • Total Acres
    ~2.33 ac

Sale Details

  • Walt
    18.30 Years
  • Cap Rate
    5.15%
  • NOI
    $388,845
  • In-Place Cap Rate
    5.15%
  • In-Place NOI
    $388,845
  • GRM
    19.40
  • In-Place Rents
    32,404

Documents

Property Address

412 S York Rd
Hatboro, PA 19040

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2023
  • Lease Type
    NNN
  • Ownership Interest
    Ground Lease
  • Gross Leasable Area
    5,585 SF
  • Available GLA
    5,585 SF
  • Traffic Count
    24,500 AADT
  • Acres
    2.33

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2023
  • Lease Type
    NNN
  • Ownership Interest
    Ground Lease
  • Gross Leasable Area
    5,585 SF
  • Available GLA
    5,585 SF
  • Traffic Count
    24,500 AADT
  • Acres
    2.33

Deal Team

Derrick Dougherty profile image
Derrick Dougherty
Senior Managing Director Investments Senior Managing Director Investments
PA RE Lic. RS305854
Scott Woodard profile image
Scott Woodard
Senior Director Investments Senior Director Investments
PA RE Lic. RS329242

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...

Documents

Offering Summary

  • Asking Price
    $7,550,388
  • Price PSF
    $1,352
  • Price/Acre
    $3,240,858
  • Property Type
    Retail
  • Size
    5,585 SF
  • Available
    5,585 SF
  • Occupancy
    100%
  • Built
    2023
  • Total Acres
    ~2.33 ac

Sale Details

  • Walt
    18.30 Years
  • Cap Rate
    5.15%
  • NOI
    $388,845
  • In-Place Cap Rate
    5.15%
  • In-Place NOI
    $388,845
  • GRM
    19.40
  • In-Place Rents
    32,404

Documents

Property Address

412 S York Rd
Hatboro, PA 19040

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2023
  • Lease Type
    NNN
  • Ownership Interest
    Ground Lease
  • Gross Leasable Area
    5,585 SF
  • Available GLA
    5,585 SF
  • Traffic Count
    24,500 AADT
  • Acres
    2.33

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2023
  • Lease Type
    NNN
  • Ownership Interest
    Ground Lease
  • Gross Leasable Area
    5,585 SF
  • Available GLA
    5,585 SF
  • Traffic Count
    24,500 AADT
  • Acres
    2.33

Deal Team

Derrick Dougherty profile image
Derrick Dougherty
Senior Managing Director Investments Senior Managing Director Investments
PA RE Lic. RS305854
Scott Woodard profile image
Scott Woodard
Senior Director Investments Senior Director Investments
PA RE Lic. RS329242
loader
This website uses cookies to ensure you get the best experience on our website. Learn more