Equity Retail Brokers closes single tenant net lease sale of a Wawa on Pennell Road in Aston, PA

Equity Retail Brokers closes single tenant net lease sale of a Wawa on Pennell Road in Aston, PA

Plymouth Meeting, PA, November 3, 2020 – Equity Retail Brokers recently closed a single tenant net lease sale of a Wawa located on Pennell Road in Aston, PA. Ed Ginn, Ken McEvoy, Ken Yanni, and Bri Barratt represented the Seller in the Transaction. The Purchaser is based locally in the Philadelphia area.

The Subject Property is an existing Wawa retail store that has operated at this location since 2007. The Property benefits from the building’s position in the market along a retail corridor, strong demographics and traffic count, and excellent visibility along Pennell Road.

Wawa demonstrates a strong performance and continued future commitment to operating at this location.

Wawa continues to show its demand as new development sites regularly pop up along the Mid-Atlantic region. As an essential business, Wawa is continuing to prove its durability during the COVID-19 pandemic. The subject property generated significant activity and multiple offers, from both local and national buyers.

For over 25 years, Equity Retail Brokers has been set aside from any brokerage, by having a laser focus in providing our clients with the highest price for their asset at the lowest transaction cost. While we strive to meet a client’s financial goals, we also pride ourselves on client-broker relationships that extend past the closing table.

 

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November 3, 2020