Altimari Properties has purchased a newly built Wawa site in Hatboro for $7.4 million. The property sits at 412 South York Road near Horsham Road. The convenience store was built in 2023.

As a result, this deal marks Altimari Properties’ first ownership of a Wawa location. Previously, the firm had not held any Wawa-branded assets. Meanwhile, the property was sold by New Jersey-based developer Arctrust.

According to company leadership, the site stands out as a premier Wawa location. In particular, strong traffic counts and visibility support the asset’s value. Therefore, the purchase was viewed as a strategic investment.

Wawa continues to rank among the largest private companies in the United States. Additionally, the chain holds the top revenue position in Pennsylvania. Consequently, investor demand for Wawa properties remains strong.

Originally, Arctrust developed the Hatboro site through a joint venture with Verrichia Co. However, Arctrust later gained full control of the property in February 2025. This followed a breach of contract lawsuit.

The 2.3-acre site includes a 5,585-square-foot convenience store. Moreover, a gas station and liquor license are part of the property. Ultimately, the location is positioned as a high-performing convenience retail asset.