Marcus & Millichap Inc.
11/04/2026 | Press release | Archived content
Marcus & Millichap Brokers $5.48M Sale of Wawa in South-Central Pennsylvania
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Marcus & Millichap Brokers $5.48M Sale of Wawa in South-Central Pennsylvania
November 04, 2026
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GREENCASTLE, Pa., Nov.4, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $5,475,000 sale of a newly developed Wawa convenience store and gas station at 785 Buchanan Trail E, in Greencastle, Pennsylvania.
"Wawa is one of the strongest names in convenience retail, with an investment-grade BBB rating from Fitch and more than 1,200 locations along the East Coast," said Scott Woodard, managing director investments at Marcus & Millichap. "This brand-new prototype store came with a 20-year absolute NNN ground lease, giving the buyer long-term passive income with built-in growth."
Woodard, Derrick Dougherty, and Jacob Haslach of Marcus & Millichap exclusively marketed the property on behalf of the seller, a private investor based out of Cherry Hill, New Jersey. Craig Dunkle of Horvath & Tremblay procured the Pennsylvania-based buyer.
Built in 2026, the 6,049-square-foot building sits on 1.75 acres and features 16 gas pumps and ample parking.
"This Wawa sits at a signalized intersection on PA Route 16, about half a mile from the Interstate 81 interchange, with more than 13,500 vehicles passing daily on Route 16 and over 48,000 on the interstate," added Haslach, associate director investments. "The site is surrounded by national retailers along the Route 16 corridor and is minutes from Greencastle's 7.8 million-square-foot logistics hub, home to Amazon, Walmart and Staples, which brings a steady mix of commuter, local and distribution traffic."
"Our team takes pride in the long-term relationships we build with our clients, and we appreciate the confidence the seller placed in us," said Dougherty, senior managing director investments. "Backed by the resources and national reach of Marcus & Millichap, our group works closely together at every stage to give clients the attention and expertise they deserve. It was a pleasure working with all parties involved in this transaction."
"Wawa is one of the strongest names in convenience retail, with an investment-grade BBB rating from Fitch and more than 1,200 locations along the East Coast," said Scott Woodard, managing director investments at Marcus & Millichap. "This brand-new prototype store came with a 20-year absolute NNN ground lease, giving the buyer long-term passive income with built-in growth."
Woodard, Derrick Dougherty, and Jacob Haslach of Marcus & Millichap exclusively marketed the property on behalf of the seller, a private investor based out of Cherry Hill, New Jersey. Craig Dunkle of Horvath & Tremblay procured the Pennsylvania-based buyer.
Built in 2026, the 6,049-square-foot building sits on 1.75 acres and features 16 gas pumps and ample parking.
"This Wawa sits at a signalized intersection on PA Route 16, about half a mile from the Interstate 81 interchange, with more than 13,500 vehicles passing daily on Route 16 and over 48,000 on the interstate," added Haslach, associate director investments. "The site is surrounded by national retailers along the Route 16 corridor and is minutes from Greencastle's 7.8 million-square-foot logistics hub, home to Amazon, Walmart and Staples, which brings a steady mix of commuter, local and distribution traffic."
"Our team takes pride in the long-term relationships we build with our clients, and we appreciate the confidence the seller placed in us," said Dougherty, senior managing director investments. "Backed by the resources and national reach of Marcus & Millichap, our group works closely together at every stage to give clients the attention and expertise they deserve. It was a pleasure working with all parties involved in this transaction."
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on November 04, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 06, 2026 at 22:02 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]