Interested in selling your Wawa NNN property or Wawa ground lease property and was wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market Wawa NNN property for sale or Wawa ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Wawa NNN property or the inclusion of a Wawa ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Wawa properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of January 2023, Wawa has over 900 stores across 11 states in the United States. Of these, over 700 are in Pennsylvania, New Jersey, and Florida.
Revenue and income
In 2022, Wawa’s total revenue was $15.5 billion. Net income was $1.2 billion.
Future plans
Wawa plans to continue expanding its presence in the United States. In 2023, the company aims to open over 150 new stores. Wawa also focuses on technological advancements, including enhancing its mobile ordering capabilities.
Corporate vs. franchise
About 20% of Wawa stores are franchised. The remaining 80% are corporate-owned. Franchisees typically pay a franchise fee of $30,000 to $50,000 and a royalty fee of 4% of gross sales.
Additional information Wawa Properties
1. In 1964, Wawa was founded in Folsom, Pennsylvania.
2. The Wawa’s name is derived from the Native American name for the Canada Goose, which is abundant in the region.
3. It is a popular convenience store chain known for its high-quality deli sandwiches, coffee, and fresh food offerings.
4. Wawa is privately held and headquartered in Wawa, Pennsylvania.
Wawa History
Wawa traces its roots back to 1803 when the Wood family established a dairy farm in Wawa, Pennsylvania. Over the years, Wawa evolved from a dairy business to a convenience store and gas station chain. In 1964, the first Wawa Food Market opened, offering convenience items and freshly prepared food. Wawa’s commitment to quality and customer satisfaction has driven its growth, with Wawa becoming a prominent player in the convenience store industry. Today, Wawa operates across the United States, particularly in the Mid-Atlantic region, and continues to innovate with its store offerings and services.
Why Invest in Ground Lease and NNN Lease of Wawa?
Investing in Wawa’s ground lease and triple net (NNN) lease properties offers compelling reasons:
1) Wawa NNN Property Investment: Stable income
With a well-established brand and a solid regional presence, Wawa provides reliable income streams. Ground and NNN leases offer predictable cash flows over the long term.
2) Wawa NNN Property Investment: Established tenant
Wawa’s successful and recognizable brand reduces the risk of vacancy or lease default, ensuring a stable tenant for the property.
3) Wawa NNN Property Investment: Low management responsibility
In-ground and NNN leases, the tenant manages property maintenance and expenses, minimizing the landlord’s management obligations.
4) Wawa NNN Property Investment: Favorable lease terms
Long lease terms with built-in rent escalations provide predictable income and potential rental growth.
5) Wawa NNN Property Investment: Real estate value
Wawa’s strategic locations in high-traffic areas can increase property value, offering potential capital appreciation.
Pros and Cons of Wawa Ground Lease and NNN Lease Investment
Pros:
1. Stable income from a well-established brand.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.
Cons:
1. Lease renewal risk when the term expires.
2. Dependency on Wawa’s success and operational challenges.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.
Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.