Auto Service - Gas-Conv
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.
Wawa | 20-Years Remain | Rapidly Growing D.C. Submarket
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
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.
