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Wawa | 20-Years Remain | Rapidly Growing D.C. Submarket

Northeast Corner of Richmond Highway & Cranes Corner Rd, Fredericksburg, VA 22405

Listing Price: $5,730,337

Cap Rate
4.45%
Tenant Name
Wawa
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
6,049
Lease Type
NNN Ground Lease
Rent Per Square Feet
$42.16

Investment Overview

The Tenant, Wawa Inc., is subject to a new 20-year NNN ground lease that features 10 percent (10%) rental increases every five years during the base term and six, five-year option periods.

Investment Highlights

  • NEW 20-YEAR TERM WITH 10% INCREASES EVERY 5 YEARS
  • 2.95-ACRE SIGNALED CORNER PARCEL OFF INTERSTATE-95 INTERCHANGE
  • HIGH TRAFFIC COMMUTER ROUTE PROXIMATE TO SIGNIFICANT INDUSTRIAL DENSITY
  • RAPIDLY GROWING DC SUBMARKET ANCHORED BY QUANTICO MARINE CORPS BASE
  • SHADOW RATED "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.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

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

    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.

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 Remain | Rapidly Growing D.C. Submarket

Listing Price: $5,730,337

Cap Rate
4.45%
Tenant Name
Wawa
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
6,049
Lease Type
NNN Ground Lease
Rent Per Square Feet
$42.16

Investment Highlights

  • NEW 20-YEAR TERM WITH 10% INCREASES EVERY 5 YEARS
  • 2.95-ACRE SIGNALED CORNER PARCEL OFF INTERSTATE-95 INTERCHANGE
  • HIGH TRAFFIC COMMUTER ROUTE PROXIMATE TO SIGNIFICANT INDUSTRIAL DENSITY
  • RAPIDLY GROWING DC SUBMARKET ANCHORED BY QUANTICO MARINE CORPS BASE
  • SHADOW RATED "BBB" BY FITCH

Investment Overview

The Tenant, Wawa Inc., is subject to a new 20-year NNN ground lease that features 10 percent (10%) rental increases every five years during the base term and six, five-year option periods.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

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

    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.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

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

    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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