Marcus & Millichap Closes $27 Million Wawa Portfolio Sale in a 1031 Exchange

Marcus & Millichap, a leading commercial real estate brokerage firm, has announced the $27,142,794 sale of a four-property Wawa portfolio in Newtown, Pottstown, Warrington, and Fairless Hills, Pennsylvania. The sale marks the completion of a 1031 exchange for a client, who had previously sold two shopping centers in Bucks County. Scott Woodard, senior director investments, and Derrick Dougherty, senior managing director investments, brokered the sales on behalf of the buyer, a Bucks County-based private investor.

Key Takeaways:

Marcus & Millichap represented a buyer in the sale of a four-property Wawa portfolio for $27.1 million, with the properties located in Newtown, Pottstown, Warrington, and Fairless Hills, Pennsylvania.
The sale was part of a 1031 exchange, with the buyer aiming to optimize their investment by acquiring high-traffic, corporate-backed locations with less management requirements.
Scott Woodard and Derrick Dougherty, senior investment brokers, coordinated the sale with the seller, a large regional developer, local private owner, and East Coast-based owner and operator.
In March 2025, Woodard and Dougherty brokered the sales of two shopping centers in Newton and Bensalem, Pennsylvania, to begin the 1031 exchange process on behalf of the client.
The properties in Newtown and Pottstown were built in 2025, with the Warrington Wawa constructed in 2025 and the Fairless Hills Wawa built in 2023.
About Marcus & Millichap, Inc., the company has over 1,712 investment sales and financing professionals in over 80 offices, providing investment brokerage and financing services to sellers and buyers of commercial real estate.
In 2024, Marcus & Millichap closed 7,836 transactions with a sales volume of approximately $49.6 billion.

Statistics:

Sale price: $27,142,794
Number of properties sold: 4
Total square footage: Approximately 5,000-5,585 square feet for each property
Number of investment sales and financing professionals: 1,712
Number of offices: Over 80
Transactions closed in 2024: 7,836
Sales volume in 2024: $49.6 billion

Sources:

Marcus & Millichap Closes $27 Million Wawa Portfolio Sale in a 1031 Exchange, August 2025, retrieved from https://www.marcusmillichap.com/news-events/press/2025/08/marcus-millichap-closes-27-million-wawa-portfolio-sale-in-a-1031-exchange
About Marcus & Millichap, Inc., retrieved from https://www.marcusmillichap.com/about-us