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
Description
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.
Listing Details
- Cap Rate
5.29%
- Tenancy
Single
- Space Type
retail
- Sub Category
gas-station
- Date Listed
3/4/2026
- Investment Type
Net Lease
- Net Operating Income
$296,045
- Net Rentable
5,400 SF
Property Specifics
- Property Name
5.3% Cap | New 2024 Wawa | Raleigh, NC
- Property Class
A
- No of Buildings
1
- No of Stories
1
- Year Built
2024
- Building Size
5,400 SF
- Lot Size
1.96 Ac
- Year Renovated
2024
- Zoning
Commercial
- Occupancy
100%