Single Tenant Wawa

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 Hummelstown, Pennsylvania, a borough in southern Dauphin County, situated between Harrisburg and Hershey. The brand-new Wawa, scheduled to open in August 2026, will operate under a 20-year absolute NNN ground lease, providing investors with a truly passive ownership structure and zero landlord responsibilities. The lease features 10% rent escalations every five years, including throughout the option periods, delivering built-in long-term income growth and inflation protection.

The property offers exceptional visibility and access along US Highway 322, a major east–west corridor with traffic counts of approximately 50,100 vehicles per day. Regional connectivity is further enhanced by proximity to I-83 (142,200 VPD), I-283 (59,200 VPD), and I-76 (34,600 VPD), all within five miles, supporting strong traffic flow and long-term tenant performance. Additionally, the site is located less than five miles from Hersheypark®, Pennsylvania’s #1 attraction, which generates approximately 3.4 million annual visits (Placer.ai), driving consistent convenience, fuel, and foodservice demand from both tourists and seasonal visitors.

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 1,100 locations and growing, Wawa is the largest private company in Pennsylvania and 21st largest in the nation according to Forbes (2025) and maintains an investment-grade credit rating of BBB (Fitch).

The property is situated just 8 miles east of Downtown Harrisburg, the state capital of Pennsylvania. It is located in the Harrisburg, PA MSA, which has a population exceeding 606,000, making it the fourth-largest metro area in the state. The immediate trade area features a strong and affluent consumer base, with approximately 109,000 residents and 44,000 households within a 5-mile radius. Average household incomes are robust, averaging $117,000 within 5 miles, increasing to $134,000 within 3 miles, supporting sustained retail and convenience demand.

The asset is further strengthened by substantial nearby development activity, including The Hershey Company’s 2025 expansion with the new Reese Chocolate Processing (RCP) facility, the first new manufacturing plant built in Hershey in over 30 years, the 130-room Hershey Inn & Suites currently under construction and slated to open in Spring 2026, and the planned Hershey West End mixed-use development. Located just off US-322, this 245-acre project will include retail, hotel, and residential components totaling over 575,000 square feet of commercial space and 919 residential units, further enhancing traffic drivers and long-term fundamentals for the site.