Wawa Closed in East Stroudsburg, PA
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East Stroudsburg, June 12, 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 5,500-square-foot property located at 237 Mosier Farm Drive, East Stroudsburg, PA, according to Tim Stephenson, regional manager of the firm’s Philadelphia office. The asset sold for $5,636,364.
Derrick Dougherty and Mark Krantz, investment specialists in Marcus & Millichap’s Philadelphia office, represented the Seller, a private investor located in Allentown, PA, in this transaction.
“This newly constructed Wawa prototype represents a premier single-tenant net lease retail asset in the current market. Offering a 20-year corporate NNN ground lease with built-in 10 percent rental increases, the property provides a robust inflation hedge backed by an investment-grade shadow-rated tenant. Situated on a prominent 3.12-acre parcel at a signalized intersection with direct access to Route 209 and Interstate 80, the location is ideally positioned to capture steady traffic from East Stroudsburg University and the regional tourism corridor,” said Derrick Dougherty, Senior Managing Director Investments.
“Securing a successful outcome on an institutional-quality asset requires absolute alignment and trust between all parties from the outset. By fostering transparent, collaborative relationships between the buying and selling cohorts, our advisory team navigated the nuances of this transaction seamlessly. This closing underscores our commitment to delivering relationship-driven execution that effectively matches high-performing retail real estate with the right capital,” added Jacob Haslach, Associate Director Investments.
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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. 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.