Wawa Convenience
233 Prospect St, East Stroudsburg, PA 18301
For Sale
New
Contact for pricing
A corporate-guaranteed NN lease covers the roof and structure through October 31, 2028, with one five-year extension option.
Property Size3,024 SF
Lot Size0.24 Acres
Price / SF$329.03
Days on Market7
Property Features for 233 Prospect St
General Information
Standard status
Size
Lot size
Property subtype
Financials
Asking Price
Cap Rate
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Silber Investment Properties Ltd
Listed By:
Dylan Silber · License NY #10401349050
Source:
Crexi
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 12 at 6:01AM
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 Silber Investment Properties Ltd
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Wawa convenience store comprises a 3,024 SF building on a 0.24-acre parcel. The corporate-guaranteed NN lease includes roof and structural coverage and extends through October 31, 2028, with one five-year option to extend.
The property at 233 Prospect St is directly across from East Stroudsburg University and near Lehigh Valley Hospital Pocono.
The property at 233 Prospect St is directly across from East Stroudsburg University and near Lehigh Valley Hospital Pocono.
Key Highlights
- 3,024 SF convenience store on 0.24 acres
- Corporate‑guaranteed NN lease includes roof and structural coverage
- Lease runs through October 31, 2028, with one 5yr extension option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,191
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,820
$783.8K
Cap Rate 7%
$559,871
$559.9K
Cap Rate 9%
$435,456
$435.5K
Market Conditions
NOI Build-Up for 3,024 SF
Gross rent
$54.4K $18.00/SF
− Vacancy
−$2.2K −$0.72/SF
EGI
$52.3K $17.28/SF
− OpEx
−$13.1K −$4.32/SF
NOI
$39.2K $12.96/SF
Area
Monroe County, PA
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,820
Cap Rate 7%
$559,871
Cap Rate 9%
$435,456
Alternative Uses
Best Use
Specialty Retail
$559.9K
$489.9K – $653.2K
NOI $39,191 @ 7.0% cap · market cap 3.94%
Second Best
Retail
$487.2K
$426.3K – $568.4K
NOI $34,102 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$905.1K
$792.0K – $1.06M
NOI $63,359 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,237
Businesses Nearby
318k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 37%
Shops & Services 22%
Groceries 20%
Dining 13%
Walmart
Superstores
118,503 visits/mo
0.5 miles
Giant Food Store
Groceries
40,756 visits/mo
0.3 miles
Dollar Tree
Shops & Services
27,021 visits/mo
0.4 miles
Wawa
Shops & Services
24,292 visits/mo
0.1 miles
HomeGoods
Home Improvements & Furnishings
20,139 visits/mo
0.4 miles
Demographics for 18301, PA
29,184
Population
11,125
Households
2.6
Avg Household Size
37
Median Age
34%
College-Educated
89%
High-School Grad
38.1 sq mi
ZIP Area
766
Density / Sq Mi
$90,488
Median Household Income
$40,202
Median Earnings
$1,350
Median Rent
$246,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Erimon African & Carribean Supermarket — 296 washington st, east stroudsburg, pa 18301
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - A corporate-guaranteed NN lease covers the roof and structure through October 31, 2028, with one five-year extension option.
Where is this grocery and convenience store located?
The property is located at 233 Prospect St East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,024 SF convenience store on 0.24 acres; Corporate‑guaranteed NN lease includes roof and structural coverage; Lease runs through October 31, 2028, with one 5yr extension option
