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Wawa | HIGHEST CAP RATE ON THE MARKET

7501 Pulaski Hwy, Baltimore, MD 21237

Listing Price: $9,999,000

Cap Rate
4.83%
Tenant Name
Wawa
Years Remaining On Lease
20.3
Guarantor
Corporate Guarantee
Rentable SF
1
Lease Type
NNN Ground Lease
Rent Per Square Feet
$482,500.00

Investment Overview

The Tenant, Wawa Inc., is subject to a new 20-year NNN ground lease to open July 2023. The lease features 10 percent (10%) rental increases every five years beginning in year 11, which provides an excellent hedge against inflation. Wawa will operate in a 5,585-square-foot store with 10 fueling pumps. The Tenant boasts an investment grade shadow rating of “BBB” by Fitch.

Investment Highlights

  • New Twenty-Year Term with Store Opening July 2023
  • High Traffic (43,202 VPD) Corner Parcel Off Interstate-95 Interchange
  • Surrounded by 4.1M SF off Industrial Drivers and Dense Baltimore Metro Population; 5,652 Within One-Mile

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.

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Auto Service - Gas-Conv

Wawa | HIGHEST CAP RATE ON THE MARKET

Listing Price: $9,999,000

Cap Rate
4.83%
Tenant Name
Wawa
Years Remaining On Lease
20.3
Guarantor
Corporate Guarantee
Rentable SF
1
Lease Type
NNN Ground Lease
Rent Per Square Feet
$482,500.00

Investment Highlights

  • New Twenty-Year Term with Store Opening July 2023
  • High Traffic (43,202 VPD) Corner Parcel Off Interstate-95 Interchange
  • Surrounded by 4.1M SF off Industrial Drivers and Dense Baltimore Metro Population; 5,652 Within One-Mile

Investment Overview

The Tenant, Wawa Inc., is subject to a new 20-year NNN ground lease to open July 2023. The lease features 10 percent (10%) rental increases every five years beginning in year 11, which provides an excellent hedge against inflation. Wawa will operate in a 5,585-square-foot store with 10 fueling pumps. 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.

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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