Auto Service - Gas-Conv
Wawa | 20 Years Remain | Richmond, VA MSA | Opening Fall 2024
SWC Huguenot Rd & Winterfield Rd, Powhatan, VA 23113
Listing Price: $3,500,000
Investment Overview
The Tenant, Wawa Inc., is subject to a new 20-year NNN ground lease estimated to open December 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 5,330-square-foot store with 12 fueling pumps. The Tenant boasts an investment grade shadow rating of “BBB” by Fitch.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
Auto Service - Gas-Conv
Wawa | 20 Years Remain | Richmond, VA MSA | Opening Fall 2024
Listing Price: $3,500,000
Investment Highlights
- Adjacent and Walkable to New 200-Unit Apartment Community
- Large 2.38-Acre Corner Parcel, 1-Mile from Route 288
- Fastest Growing Metro in the State with $200k AHHI Within 3-miles
Investment Overview
The Tenant, Wawa Inc., is subject to a new 20-year NNN ground lease estimated to open December 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 5,330-square-foot store with 12 fueling pumps. The Tenant boasts an investment grade shadow rating of “BBB” by Fitch.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
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