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  • 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
Marcus & Millichap
PA RE Lic. RS305854
Scott Woodard profile image
Scott Woodard
Senior Director Investments Senior Director Investments
Marcus & Millichap
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
Marcus & Millichap
PA RE Lic. RS305854
Scott Woodard profile image
Scott Woodard
Senior Director Investments Senior Director Investments
Marcus & Millichap
PA RE Lic. RS329242
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