Wawa NNN Ground
For Sale
Contact for pricing
Pending
3015 Lehigh St, Allentown, PA 18103
Corporate-backed absolute NNN lease with no landlord obligations and scheduled rent escalations.
Property SizeContact for details
Lot Size3.16 Acres
Days on Market142
Property Features for 3015 Lehigh St
General Information
Standard status
Pending
Lot size
3.16 Acres
Property subtype
Retail
Net Operating Income
$471,000
Site & Location
Traffic Count
25,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
5.4%
Building Details
Tenancy
Single
Listing Agency:
ERA One Source Realty
(570) 510-5840
Listed By:
Sunita Arora · License #RM061605A
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 4:54PM
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 ERA One Source Realty
Investment Insights
Based on property information with market context.
This 3.16-acre commercial site is subject to an absolute NNN ground lease with Wawa, Inc. The corporate guarantee and zero landlord responsibilities create a straightforward ownership structure. The lease provides a 20-year initial term followed by six 5-year renewal options, with 10% rent increases every 5 years after the first 10 years.
The property fronts Lehigh Street at a signalized intersection near Interstate 78. Lehigh Street carries more than 25,000 vehicles per day, while I-78 carries over 100,000 vehicles per day. Nearby retailers include ALDI, AutoZone, and Advance Auto Parts, with South Mall and Hamilton Crossings also located minutes away.
The surrounding 5-mile trade area includes more than 120,000 residents and 50,000-plus employees, with average household income exceeding $90,000.
The property fronts Lehigh Street at a signalized intersection near Interstate 78. Lehigh Street carries more than 25,000 vehicles per day, while I-78 carries over 100,000 vehicles per day. Nearby retailers include ALDI, AutoZone, and Advance Auto Parts, with South Mall and Hamilton Crossings also located minutes away.
The surrounding 5-mile trade area includes more than 120,000 residents and 50,000-plus employees, with average household income exceeding $90,000.
Key Highlights
- 3.16‑acre Wawa ground lease site with corporate guarantee
- Absolute NNN structure with zero landlord obligations
- 20‑year initial term plus six 5‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
25,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
315k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 22%
Home Improvements & Furnishings 14%
Groceries 13%
The Home Depot
Home Improvements & Furnishings
40,809 visits/mo
0.5 miles
Giant Food Store
Groceries
37,582 visits/mo
0.3 miles
Ross Dress for Less
Apparel
31,382 visits/mo
0.5 miles
Sheetz
Shops & Services
22,566 visits/mo
0.1 miles
McDonald's
Dining
18,974 visits/mo
0.0 miles
Demographics for 18103, PA
48,358
Population
19,769
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
17.2 sq mi
ZIP Area
2,812
Density / Sq Mi
$72,545
Median Household Income
$38,377
Median Earnings
$1,333
Median Rent
$242,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-backed absolute NNN lease with no landlord obligations and scheduled rent escalations.
Where is this nnn property located?
The property is located at 3015 Lehigh St Allentown, PA.
What are key features of this property?
This property features: 3.16‑acre Wawa ground lease site with corporate guarantee; Absolute NNN structure with zero landlord obligations; 20‑year initial term plus six 5‑year renewal options
