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Wawa | 20 Years Remain | Richmond, VA MSA | Opening Fall 2024

SWC Huguenot Rd & Winterfield Rd, Powhatan, VA 23113

Listing Price: $3,500,000

Cap Rate
5.00%
Tenant Name
Wawa
Years Remaining On Lease
30.5
Guarantor
Corporate Guarantee
Rentable SF
5,330
Lease Type
NNN Ground Lease
Rent Per Square Feet
$32.83

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.

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

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.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Auto Service - Gas-Conv

Wawa | 20 Years Remain | Richmond, VA MSA | Opening Fall 2024

Listing Price: $3,500,000

Cap Rate
5.00%
Tenant Name
Wawa
Years Remaining On Lease
30.5
Guarantor
Corporate Guarantee
Rentable SF
5,330
Lease Type
NNN Ground Lease
Rent Per Square Feet
$32.83

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

  • 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.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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