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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

Cap Rate
4.00%
Tenant Name
Wawa
Years Remaining On Lease
20.5
Guarantor
Corporate Guarantee
Rentable SF
6,049
Lease Type
NNN Ground Lease
Rent Per Square Feet
$36.37

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.

Investment Highlights

  • NEW 20-YEAR CORPORATE LEASE; SHADOW RATED "BBB" BY FITCH
  • 10 PERCENT INCREASES EVERY FIVE YEARS
  • HIGH TRAFFIC COMMUTER ROUTE LOCATION

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Auto Service - Gas-Conv

Wawa | 20-Years Remaining | Washington, D.C. MSA | 10% Increases Every 5 Years

Listing Price: $5,500,000

Cap Rate
4.00%
Tenant Name
Wawa
Years Remaining On Lease
20.5
Guarantor
Corporate Guarantee
Rentable SF
6,049
Lease Type
NNN Ground Lease
Rent Per Square Feet
$36.37

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.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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