4545 Market StYork, PA 17408

For Sale
$6,300,000

High-Traffic Wawa, NNN Lease, Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a brand-new, 6,049 square foot Wawa convenience store and gas station located at 4545 W Market St, York, PA 17408. Situated on a 2.83-acre lot in a high-traffic area with over 32,000 vehicles passing daily, this Class A property boasts excellent visibility and accessibility. The property is under a 20-year absolute NNN ground lease (commencing December 1, 2024 and expiring November 30, 2044) with a corporate guarantee from Wawa, a nationally recognized and financially stable company. The lease includes six 5-year renewal options and a 10% rent increase every five years. The current Net Operating Income (NOI) is $315,000, resulting in a 5.00% cap rate. The property's HC zoning and proximity to major distribution centers like Amazon, FedEx, and Church & Dwight further enhance its investment appeal. This is a truly passive investment with no landlord responsibilities, offering a stable and predictable income stream in a thriving market with a young and growing population. The asking price is $6,300,000. This is a unique opportunity to acquire a high-performing Wawa in a prime location with significant long-term growth potential.

Highlights

  • $6,300,000 asking price for a new, Class A Wawa convenience store and gas station.
  • Absolute NNN ground lease with a corporate guarantee from Wawa, a nationally recognized brand.
  • 20-year lease commencing December 1, 2024, with 10% rent bumps every 5 years.
  • 6,049 square feet on a 2.83-acre lot in a high-traffic location in York, PA.
  • 5.00% cap rate with a $315,000 NOI.

Property Details for 4545 Market St

Property type
Other retail properties, Automotive properties
Square Feet
6,049 SF
Class
A
Year Built
2024
Buildings
1
Lot Size (sq. ft)
123,275 SF
Units
1

Location Insight

City
York
County
York
State
Pennsylvania
Latitude
39.928406654064
Longitude
-76.824262456779
4545 Market St, York, Pennsylvania

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4545 Market St
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