Greencastle, PA October 23rd, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the sale of Wawa, a 6,049 square-foot property located at 771 Buchanan Trail, according to Tim Stephenson, regional manager of the firm’s Philadelphia office. The asset sold for $5,475,000.
Derrick Dougherty, Scott Woodard, and Jacob Haslach, investment specialists in Marcus & Millichap’s Philadelphia office, had the exclusive listing to market the property on behalf of the seller, a private investor based out of Cherry Hill, NJ. The buyer, based out of Pennsylvania, was represented by Craig Dunkle from Horvath & Tremblay.
“Our team takes pride in the long-term relationships we build with our clients, and we appreciate the confidence the seller placed in us. 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,” said Derrick Dougherty, Senior Managing Director Investments.
“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. 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.,” said Scott Woodard, First Vice President Investments.
“This Wawa sits at a signalized intersection on PA Route 16, about half a mile from the I-81 interchange, with more than 13,500 vehicles passing daily on Route 16 and over 48,000 on the interstate. 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,” said Jacob Haslach, Associate Director Investments.
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. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.
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