2515 Delsea Dr Listing Details & Market Data

Equity Retail Brokers is pleased to exclusively offer for sale a single-tenant net lease property, occupied by Wawa. The subject property is 3.86 AC and includes a 3,905 SF free-standing Wawa convenience store with five double-sided fueling stations. Wawa has 19 years remaining in their 20-year lease term, and has six (6), 5-year options to extend. Wawa has a long operating history in the market, as this store replaced a legacy store, which operated on the same site for many years.

• This location is an upgrade of a legacy non-gas Wawa store, which operated on the same site for over 30 years, proving a strong market for Wawa
• Wawa has committed to the site for 20 years, starting a new lease in December 2022
• The lease features 10% rental increases every 5 years throughout the initial term and option periods
• Absolute NNN ground lease with Zero Landlord responsibilities
• Oversized site (3.86 AC) with frontage on two streets
• Corporate guaranty from Wawa (shadow rated BBB by Fitch)