New-Construction Wawa NNN
For Sale
Contact for pricing
9009 Bridge Road, Hummelstown, PA 17036
A Wawa convenience and fuel facility is planned under a long-term absolute NNN ground lease.
Property Size5,585 SF
Price / SF$1,015
Days on Market26
Property Features for 9009 Bridge Road
General Information
Standard status
Active
Size
5,585 SF
Property subtype
Retail
Lease Type
NNN
Net Operating Income
$295,000
Site & Location
Traffic Count
40,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
Equity CRE
(610) 645-7700
Listed By:
Maeve O'Reilly · License #RS365330
Source:
Crexi
Added: Jul 27
Changed: Aug 14
Last Checked: Aug 20 at 6:48AM
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 Equity CRE
Investment Insights
Based on property information with market context.
This planned Wawa convenience and fuel property comprises 5,585 SF of new construction, with completion and opening scheduled for October 2026. The asset is structured under a 20-year absolute NNN ground lease guaranteed by Wawa, with six 5-year renewal options beginning at construction completion. The lease structure assigns no landlord responsibilities under the stated terms.
The property is positioned along U.S. Route 322 in Hummelstown, Pennsylvania, a corridor connecting Harrisburg and Hershey that carries upwards of 40,000 vehicles per day. Hersheypark is located minutes away, and nearby national retailers include Aldi, Sam’s Club, Walmart, and Starbucks. The property address is 9009 Bridge Road.
The property is positioned along U.S. Route 322 in Hummelstown, Pennsylvania, a corridor connecting Harrisburg and Hershey that carries upwards of 40,000 vehicles per day. Hersheypark is located minutes away, and nearby national retailers include Aldi, Sam’s Club, Walmart, and Starbucks. The property address is 9009 Bridge Road.
Key Highlights
- 5,585 SF new‑construction Wawa convenience and fuel property
- 20‑year absolute NNN ground lease guaranteed by Wawa
- Six 5‑year renewal options commencing at construction completion
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$373,290
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,465,800
$7.5M
Cap Rate 7%
$5,332,714
$5.3M
Cap Rate 9%
$4,147,667
$4.1M
Market Conditions
NOI Build-Up for 5,585 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$564.3K $101.04/SF
− Vacancy
−$31.0K −$5.56/SF
EGI
$533.3K $95.48/SF
− OpEx
−$160.0K −$28.64/SF
NOI
$373.3K $66.84/SF
Area
Dauphin County, PA
Vacancy
5.50%
Lease Rate
$101.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,465,800
Cap Rate 7%
$5,332,714
Cap Rate 9%
$4,147,667
Alternative Uses
Best Use
Specialty Retail
$10.29M
$9.00M – $12.00M
NOI $720,046 @ 7.0% cap · market cap 12.69%
Second Best
Industrial
$5.33M
$4.67M – $6.22M
NOI $373,290 @ 7.0% cap · market cap 6.58%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
40,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 17036, PA
24,146
Population
9,812
Households
2.5
Avg Household Size
41
Median Age
60%
College-Educated
97%
High-School Grad
28.1 sq mi
ZIP Area
859
Density / Sq Mi
$105,043
Median Household Income
$60,004
Median Earnings
$1,362
Median Rent
$316,900
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 - A Wawa convenience and fuel facility is planned under a long-term absolute NNN ground lease.
Where is this nnn property located?
The property is located at 9009 Bridge Road Hummelstown, PA.
What is the asking price?
The asking price for this property is $5,673,077.
What are key features of this property?
This property features: 5,585 SF new‑construction Wawa convenience and fuel property; 20‑year absolute NNN ground lease guaranteed by Wawa; Six 5‑year renewal options commencing at construction completion
