Wawa NNN — Stowe, PA

Updated November 10, 2026

$5,000,000 · 5.00% CAP · 20 YRS

Wawa ground rent at 617 Old Reading Pike in Stowe is offered at $5,000,000, a 5.00% cap on $249,954. Construction is not finished, and the first rent date is February 1, 2027, so no rent has been paid. The primary term runs 20 years, to January 2047, then six options of five years, with rent moving up 10% at each five-year mark. Wawa, Inc. guarantees the lease. What is for sale is the land. The tenant can match a third-party sale on 15 business days' notice. Montgomery County is the setting, on the Philadelphia side of Pennsylvania. The picture is a stand-in Wawa photo, not this unfinished store. Across 9 Wawa listings, the 4.75% median ask is 25 basis points under this 5.00% price. Listed in our November 10, 2026 deal list.

Lease Abstract

Price

$5,000,000

Cap rate

5.00% CAP

NOI

$249,954

Base term

20 YRS

Lease type

NNN Ground Lease

Increases

10% every 5 years, options included

Options

6 x 5-year

Guarantee

Corporate

Building

6,066 SF

Lot

2.27 AC

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

6,066 SF building, 2.27 acres of land. Ground lease priced at $2,202,643 per acre. Rent increases: 10% every 5 years, options included. Renewal options: 6 x 5-year. Corporate guarantee.

Location

Stowe, Pennsylvania — 617 Old Reading Pike, Stowe, PA 19464. Full address and offering memorandum released on request — see our Wawa tenant guide and the Pennsylvania market page for the underwriting context.