4545 Market St York, PA 17408-6119
This exceptional investment opportunity presents a brand-new, 6,049 square foot Wawa convenience store and gas station located at 4545 W Market St, York, PA 17408. Situated on a 2.83-acre lot in a high-traffic area with over 32,000 vehicles passing daily, this Class A property boasts excellent visibility and accessibility. The property is under a 20-year absolute NNN ground lease (commencing December 1, 2024 and expiring November 30, 2044) with a corporate guarantee from Wawa, a nationally recognized and financially stable company. The lease includes six 5-year renewal options and a 10% rent increase every five years. The current Net Operating Income (NOI) is $315,000, resulting in a 5.00% cap rate. The property's HC zoning and proximity to major distribution centers like Amazon, FedEx, and Church & Dwight further enhance its investment appeal. This is a truly passive investment with no landlord responsibilities, offering a stable and predictable income stream in a thriving market with a young and growing population. The asking price is $6,300,000. This is a unique opportunity to acquire a high-performing Wawa in a prime location with significant long-term growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
AG · York, PAYork. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.