Wawa Triple Net (NNN) Lease Properties for Sale
Wawa Triple Net (NNN) Lease Properties for Sale are a top choice for 1031 Exchange investors who want to place their capital into a stable and growing company. Wawa stores are typically located in high-traffic areas on hard, signalized corners with excellent visibility. These properties offer a reliable way to generate passive income through a brand with a loyal customer base and a strong regional presence.
Investment Highlights
- Lease Terms: Wawa NNN leases are generally structured as Absolute Triple Net with no landlord management obligations. This means the tenant is responsible for all property expenses, including taxes, insurance, and all maintenance.
- Rental Increases: These leases typically include rent increases every five years; these increases help your income keep pace with inflation over the long term.
- Cap Rates: Investors can generally expect Cap Rates between 5.00% and 5.75%, depending on the remaining lease term and the specific location.
- Real Estate Locations: Wawa is known for selecting premier real estate. Their stores are usually positioned in high-growth corridors with high daily vehicle counts and easy access for commuters.
Tenant Profile
- Private Ownership: Wawa is a privately held company that has been in operation for over 60 years.
- Financial Strength: As of 2026, Wawa is ranked #21 on the Forbes list of America’s Largest Private Companies (Forbes, 2026). For the most recent fiscal year, the company reported annual revenue of approximately $18.6 billion (Delco Today, 2026).
- Credit Quality: Wawa maintains a strong financial profile and holds a shadow investment grade credit rating of BBB; this indicates a high level of stability and a low risk of default.
- Growing Footprint: Wawa operates approximately 1,215 locations across the United States (ScrapeHero, 2026). While traditionally focused on the Mid-Atlantic, the company has expanded significantly in Florida, which now hosts over 315 locations.
Why Partner with Casablanca?
At CASABLANCA, we focus entirely on NNN Investment Properties and 1031 Exchanges. We do not just show you listings; we act as your buyer representative to help you find the best Wawa properties that fit your goals. We understand the tight deadlines of an exchange and work to negotiate and close the deal so you can enjoy your passive income with peace of mind.
We Are the Brokers that Give You More…
- We represent our Buyers for Free, so you get our expert advice at no additional cost to you.
- Up to $10,000 credit towards Buyer’s Closing Costs.
- We specialize in representing Triple Net (NNN) Buyers and 1031 Exchange Investors. We represent your interests as a Buyer exclusively, not the Seller.
- We have comprehensive knowledge of the triple net market.
- Extensive access to any property on or off the market nationwide.
- Our main goal is to find the best property for you at the best price.
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