Wawa | Wayne Memorial Drive and Hospital Road
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Wawa Wayne Memorial Drive and Hospital Road
6,049 SF Retail Building Goldsboro, NC 27534 $6,000,000 ($992/SF) 5% Cap Rate
Investment Highlights
- New 20-year absolute NNN ground lease with six (6) extension periods of five (5) years each
- No landlord obligations – ideal no-management investment for an out-of-area investor
- Corporate guaranty from Wawa, Inc., ranked #20 on the Forbes Largest Private Companies List
- 10% rental increases every five years in option periods
- Wawa plans to nearly double its store count by 2030 to approximately 1,800 locations
Executive Summary
Prime location along Wayne Memorial Drive, providing direct access to over 24,000 vehicles per day » Situated near Wayne Memorial Hospital, a major medical hub with 300+ beds and 2,000 employees, ensuring consistent traffic from healthcare workers, patients, and visitors. Less than five miles from Seymour Johnson Air Force Base, home to 12,000 military personnel and civilians, offering steady customer traffic from both servicemen and their families. Located within a thriving commercial area, with nearby businesses including restaurants, banks, and other essential services, driving additional consumer traffic. Positioned within a growing residential community, supporting ongoing demand for fuel, convenience items, and quick-service food options. Within a two-mile radius of major shopping centers like Berkeley Mall and Pinewood Square, both popular destinations for local shoppers. Strategically located near Wayne Community College, serving nearly 3,000 students, boosting daily foot traffic
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,049 SF
Building Class
B
Year Built
2024
Construction Status
Under Construction
Price
$6,000,000
Price Per SF
$992
Cap Rate
5%
NOI
$300,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.54 AC
Parking
60 Spaces (9.92 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,218,190 | |
| Land Assessment | $750,000 | Total Assessment | $1,968,190 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$750,000
Improvements Assessment
$1,218,190
Total Assessment
$1,968,190
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Wawa | Wayne Memorial Drive and Hospital Road
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