Wawa

Tenant Description

Wawa, Inc., a privately held company, began in 1803 as an iron foundry in New Jersey. . Today, it is your all day, every day stop for fresh, built-to-order foods, beverages, coffee, fuel services, and surcharge-free ATMs.

What To Look For When Buying A Wawa

Environmental Issues

What We Like About Wawa

These deals are some of the highest cap rates you can find for a Corporate Guarantee lease. New construction stores are built with a 15 Year Lease and generally go above a 7% Cap Rate (Unless in CA, TX, or FL

Competition

7 – Eleven

What Is Sold In A Wawa

Gas. The stores offer a large fresh food service selection, including Wawa brands such as built-to-order hoagies, freshly brewed coffee, hot breakfast sandwiches, built-to-order specialty beverages, and an assortment of soups, sides and snacks.

Wawa Website

https://www.wawa.com/

Corporate Office Location

260 W Baltimore Pike – Media, Pennsylvania 19063

Fast Facts

A chain of more than 750 convenience retail stores (over 500 offering gasoline), Wawa stores are located in Pennsylvania, New Jersey, Delaware, Maryland, Virginia and Central Florida.

Wawa – Tenant News
Wawa - Tenant News
Average Cap Rate Trend
5.25%
2019
5.00%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$5,500,000
Avg. Annual Rent$220,000
Avg. Price/SF$900/SF
Typical Lease TypeGround Lease
Typical Lease Term20 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PN/A

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