Single-Tenant NNN Wawa
For Sale
Contact for pricing
1115 S College Avenue, Newark, DE 19713
Wawa occupies the property under a brand-new 20-year triple-net ground lease with scheduled rent increases.
Property Size4,736 SF
Price / SF$1,228
Days on Market24
Property Features for 1115 S College Avenue
General Information
Standard status
Active
Size
4,736 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$291,000
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
Forged Real Estate
(610) 608-2621
Listed By:
Marco DiPrinzio · License #327764
Source:
Crexi
Added: Aug 6
Changed: Aug 29
Last Checked: Aug 29 at 3:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Forged Real Estate
Investment Insights
Based on property information with market context.
This single-tenant NNN property is being developed for Wawa at 1115 S College Avenue in Newark, Delaware. The building contains 4,736 square feet and is scheduled for completion in 2026, with an expected opening in October 2026. Wawa will operate under a brand-new 20-year triple-net ground lease, with 10% rental increases every five years during the base term and option periods.
The property is located just off Exit 1B of Interstate 95, where traffic volumes exceed 79,000 VPD. It is less than two miles from the University of Delaware, which has more than 24,000 students and over 1,200 faculty members. Approximately 164,000 residents and 63,000 households are within a 5-mile radius. Average household income is $121,000 within 1 mile, $106,000 within 3 miles, and $112,000 within 5 miles.
The property is located just off Exit 1B of Interstate 95, where traffic volumes exceed 79,000 VPD. It is less than two miles from the University of Delaware, which has more than 24,000 students and over 1,200 faculty members. Approximately 164,000 residents and 63,000 households are within a 5-mile radius. Average household income is $121,000 within 1 mile, $106,000 within 3 miles, and $112,000 within 5 miles.
Key Highlights
- Brand‑new 20‑year triple‑net ground lease with Wawa
- 10% rental increases every five years through the base term and option periods
- 4,736‑square‑foot property under construction with expected October 2026 opening
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Explore this area
Business Placement
Demographics for 19713, DE
31,867
Population
12,803
Households
2.5
Avg Household Size
38
Median Age
30%
College-Educated
90%
High-School Grad
13.0 sq mi
ZIP Area
2,451
Density / Sq Mi
$72,850
Median Household Income
$42,557
Median Earnings
$1,293
Median Rent
$267,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Wawa occupies the property under a brand-new 20-year triple-net ground lease with scheduled rent increases.
Where is this nnn property located?
The property is located at 1115 S College Avenue Newark, DE.
What is the asking price?
The asking price for this property is $5,820,000.
What are key features of this property?
This property features: Brand‑new 20‑year triple‑net ground lease with Wawa; 10% rental increases every five years through the base term and option periods; 4,736‑square‑foot property under construction with expected October 2026 opening
