10 Bernville Rd Robesonia, PA 19551
- Retail properties
- 5,850 SF
- 1.49 lot acres
Current Use by Public Records
- Retail properties
Property Details for 10 Bernville Rd
- Year built
- 2024
- Lot size
- 1.49 lot acres
- Property size
- 5,850 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple/ground leasehold interest in a brand-new, 5,850-square-foot Wawa convenience store and gas station located at 10 Bernville Rd, Robesonia, PA 19551. Built in 2024, this property sits on a 1.49-acre lot and boasts a 100% occupancy rate with a 20-year lease expiring November 30, 2044. The lease includes six 5-year renewal options with a 10% rent increase every five years and at each option period. The property generates a strong net operating income (NOI) of $325,000, resulting in a compelling 5.25% cap rate. The tenant, Wawa, is a credit-rated, investment-grade tenant, providing significant financial security. This NNN (triple net) lease structure ensures minimal landlord responsibilities, making it an ideal passive investment. The property enjoys high visibility and accessibility at the signalized intersection of Route 422 and Bernville Road, benefiting from combined daily traffic counts of 18,594 vehicles. The strategic location near other retailers like Dunkin', CVS, and Dollar General, along with proximity to schools and community services, further enhances its value. The property features six double-sided gas pumps, allowing for twelve vehicles to fuel simultaneously. The asking price for this exceptional investment is $6,190,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Robesonia
- County
- Berks
- State
- Pennsylvania
- Longitude
- -76.1431
- Latitude
- 40.3546
