413 Penn Ave, Robesonia, PA 19551
5,740 SF | Retail Building | Robesonia, PA 19551 | $6,190,000 ($1,078/SF) | 5.25% Cap Rate
For Sale
Active
Asking Price $6,190,000
- Property Type
-
Retail
- Square Feet
- 5,740 SF
- Price / Square Foot
- $1,078
Listing Contacts
- Property Info
Property Overview
• Brand new 20-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate signed by Wawa, Inc., an investment grade
(Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1000+ locations
• The ground lease features 10% scheduled rental increases throughout the term and options to extend, generating NOI and hedging against inflation
• Wawa is strategically fronting W. Penn Ave averaging 16,800 VPD
• 2024 construction featuring high quality materials, distinct design elements, and high level finishes
• The immediate trade area is supported by surrounding retailers such as Dunkin’, CVS, Dollar General, and more
• Ideally located down the street from Conrad Weiser Middle and High School, providing a direct consumer base from which to draw
• The lease is corporate signed by Wawa, Inc., an investment grade
(Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1000+ locations
• The ground lease features 10% scheduled rental increases throughout the term and options to extend, generating NOI and hedging against inflation
• Wawa is strategically fronting W. Penn Ave averaging 16,800 VPD
• 2024 construction featuring high quality materials, distinct design elements, and high level finishes
• The immediate trade area is supported by surrounding retailers such as Dunkin’, CVS, Dollar General, and more
• Ideally located down the street from Conrad Weiser Middle and High School, providing a direct consumer base from which to draw
Property Details
- Class
- C
- Year Built
- 1947
- Stories
- 1
- Property Subtype
- Vehicle Related, Freestanding
- Lot Size (sq. ft)
- 25,265 SF
Highlights
- Brand New 20-Year Lease | Corporate Signature | Investment Grade Tenant | Scheduled Rental Increases
- Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
- Fronting W. Penn Ave | 2024 Construction | Surrounding Retail | Conrad Weiser Middle and High School
- Local Demographics 5-Mile Trade Area | Six-Figure Income | Robesonia - Growing Population
Nearby Properties
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