Auto Service - Gas-Conv
Wawa | 20 Years Remain | Wilmington DE MSA | High Traffic Corner
970 Christiana Rd, Newark, DE 19713
Listing Price: $6,740,000
Investment Overview
The Tenant, Wawa Inc., is subject to a new 20-year NNN ground lease that commenced in June 2023. The lease features 10 percent (10%) rental increases every five years during the base term and beginning again in its 2nd, five-year option. Wawa operates 24-hours-per-day in a 5,137-square-foot store with eight fueling pumps and 12 Tesla Supercharger stations. It will soon be joined by a newly constructed Chick-fil-A and car wash user on the land immediately adjacent to the property.
Exclusively Listed By
Broker of Record
Financing By
Auto Service - Gas-Conv
Wawa | 20 Years Remain | Wilmington DE MSA | High Traffic Corner
Listing Price: $6,740,000
Investment Highlights
- Highly Visible Signaled Corner Parcel off I-95 Interchange
- Investment Grade Tenant; Shadow Rated "BBB+" By Fitch
- Strong Store Performance and Placer.ai Data
Investment Overview
The Tenant, Wawa Inc., is subject to a new 20-year NNN ground lease that commenced in June 2023. The lease features 10 percent (10%) rental increases every five years during the base term and beginning again in its 2nd, five-year option. Wawa operates 24-hours-per-day in a 5,137-square-foot store with eight fueling pumps and 12 Tesla Supercharger stations. It will soon be joined by a newly constructed Chick-fil-A and car wash user on the land immediately adjacent to the property.
Exclusively Listed By
Broker of Record
Financing By
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