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5.3% Cap | New 2024 Wawa | Raleigh, NC
2560 Ward Blvd, Wilson, NC 27893
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FOR SALERetail / Gas Station
Cap Rate
5.29%
NOI
$296,045
Building Size
5,400SF
Lot Size
1.96Ac
Year Built
2024
Year Renovated
2024
Listing Contacts
More property details
Zoning
Commercial
Occupancy
100%
Tenancy
Single Tenant
Currently Leased
No
Investment
Net Lease
Net Rentable
5,400SF
Property Class
A
No of Buildings
1
No of Stories
1
Location
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5.3% Cap | New 2024 Wawa | Raleigh, NC
About the location
Brand-new 2024 Wawa in Wilson offering a long-term absolute NNN ground lease backed by one of the fastest-growing convenience store operators in the country. Strategically located at the signalized hard corner of Ward Boulevard and Nash Street North, the site provides exceptional visibility, multiple points of ingress/egress, and exposure to approximately 29,000 vehicles per day. The property benefits from a protected trade area with the nearest Wawa locations nearly six miles away and a surrounding five-mile population of 54,579 with an average household income of $61,400.
Location highlights
- Prime hard-corner location at Ward Blvd & Nash St N with ±29,000 AADT
- Brand-new 2024 construction with zero landlord responsibilities
- Absolute NNN lease – passive, hands-off income
- $296,000+ NOI with a 20-year initial term
- 10% rent increases every 5 years
- Limited competition – nearest Wawa stores approx. 5.7 and 6.1 miles away
- Strong demographics – 54,579 population within 5 miles; $61,400 avg. HH income
- Growing market with projected income growth across 2-, 5-, and 10-mile radius