Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Wawa, (the “Property”) in Wilmington, the largest and most populated city in Delaware. The newly constructed Wawa currently sits along Naamans Road, a main thoroughfare in the area boasting 30,100 VPD. Wawa is scheduled to open mid November 2024 and will operate on a NNN ground lease, allowing for a hands-off passive form of ownership. The lease also features ten percent rental increases every five years, including in the option periods Wawa is one of the dominant gas station and convenience store tenants in the northeast and is quickly gaining more traction throughout the country. With over 1,000 locations, Wawa is the largest private company in Pennsylvania and 20th largest in the nation according to Forbes (2023). Wilmington is located within the Philadelphia MSA, the 7th most populated metropolitan area in the country that is home to approximately 6.25 million people. The city also serves as the county seat for New Castle County. The 5-mile area surrounding Wawa boasts excellent demographics with a population of over 154,500 people and over 62,900 households. Additionally, the average household income in that same area is over $128,000. The area is set for more growth with new nearby developments. In October of 2023 construction of a $60 million distribution center consisting of 358,000 square feet of industrial space was completed along Naamans Road (30,100 VPD), east of Wawa. This is the first stage of the development known as First State Crossing which will likely bring over 5,000 jobs to the area. Along Naamans Road (30,100) there are several retailers that are the top performers within their respective chains. The ACME Market is in the top 82nd percentile of locations within their chain in the U.S. and the top 73rd percentile of their chain in Delaware. Additionally,The Home Depot ranks in the top 88th percentile and the Walgreens ranks in the top 69th percentile of their respective chains in Delaware, demonstrating the strength of the retail (Placer.ai). -ABSOLUTE NNN GROUND LEASE WITH RENTAL INCREASES: Wawa is scheduled to open mid November 2024 and will operate on a NNN ground lease, allowing for a hands-off passive form of ownership. The lease also features ten percent rental increases every five years, including in the option periods. -PRIME LOCATION WITHIN PHILADELPHIA MSA: The newly constructed Wawa currently sits along Naamans Road, a main thoroughfare in the area boasting 30,100 VPD. Wilmington is located within the Philadelphia MSA, the 7th most populated metropolitan area in the country that is home to approximately 6.25 million people. The city also serves as the county seat for New Castle County. -DOMINANT TENANT: Wawa is one of the dominant gas station and convenience store tenants in the northeast and is quickly gaining more traction throughout the country. With over 1,000 locations, Wawa is the largest private company in Pennsylvania and 20th largest in the nation according to Forbes (2023). -STRONG PLACER.AI PERFORMANCE OF SURROUNDING RETAIL: Along Naamans Road (30,100 VPD) there are a number of retailers that are the top performers within their respective chains. The ACME Market is in the top 82nd percentile of locations within their chain in the U.S. and the top 73rd percentile of their chain in Delaware. Additionally, The Home Depot ranks in the top 88th percentile and the Walgreens ranks in the top 69th percentile of their respective chains in Delaware, demonstrating the strength of the retail corridor (Placer.ai). - DENSELY POPULATED, AFFLUENT AREA: The 5-mile area surrounding Wawa boasts excellent demographics with a population of over 154,500 people and over 62,900 households. Additionally, the average household income in that same area is over $128,000. -BUSTLING RETAIL CORRIDOR – Wawa on Naamans Road (30,100 VPD) is surrounded by a host of nearby, national retailers such as: Target, The Home Depot, Lowe’s Home Improvement, ACME, ShopRite, Trader Joe’s, Sprout’s Farmers Market, Walgreens, CVS Pharmacy, Chase Bank, Bank of America, Wells Fargo, PNC Bank, TD Bank, Best Buy, Dick’s Sporting Goods, PetSmart, Burlington, T.J. Maxx, Michaels, AT&T, Applebee’s, Panera Bread, Dunkin’, and Taco Bell demonstrating the strength of the retail corridor. -NEW NEARBY DEVELOPMENT: In October of 2023 construction of a $60 million distribution center consisting of 358,000 square feet of industrial space was completed along Naamans Road (30,100 VPD), east of Wawa. This is the first stage of the development known as First State Crossing which will likely bring over 5,000 jobs to the area. In Cooperation with: DSM Commercial