Auto Service - Gas-Conv
Wawa | 20-Years Remaining | Washington, D.C. MSA | 10% Increases Every 5 Years
Port Aquia Dr & Richmond Highway, Stafford, VA 22554
Listing Price: $5,500,000
Investment Overview
The Tenant, Wawa Inc., is subject to a new 20-year NNN ground lease scheduled to commence in June 2022. The lease features 10 percent (10%) rental increases every five years during the base term and six, five-year option periods. This provides an excellent hedge against inflation. Wawa will operate in a architecturally upgraded, red brick 6,049-square-foot prototype with front and rear customer entry. There will be eight multi-product dispensers (MPDs), and the tenant plans to have Tesla chargers on site. The Tenant boasts an investment grade shadow rating of “BBB” by Fitch.
Auto Service - Gas-Conv
Wawa | 20-Years Remaining | Washington, D.C. MSA | 10% Increases Every 5 Years
Listing Price: $5,500,000
Investment Highlights
- NEW 20-YEAR CORPORATE LEASE; SHADOW RATED "BBB" BY FITCH
- 10 PERCENT INCREASES EVERY FIVE YEARS
- HIGH TRAFFIC COMMUTER ROUTE LOCATION
Investment Overview
The Tenant, Wawa Inc., is subject to a new 20-year NNN ground lease scheduled to commence in June 2022. The lease features 10 percent (10%) rental increases every five years during the base term and six, five-year option periods. This provides an excellent hedge against inflation. Wawa will operate in a architecturally upgraded, red brick 6,049-square-foot prototype with front and rear customer entry. There will be eight multi-product dispensers (MPDs), and the tenant plans to have Tesla chargers on site. The Tenant boasts an investment grade shadow rating of “BBB” by Fitch.
