Shopping Strip
Three-Tenant Strip & Wawa
6001 Allentown Andrews Dr, Camp Springs, MD 20746
Listing Price: $10,527,000
Investment Overview
On behalf of ownership, Marcus & Millichap is pleased to offer for sale Andrews Park, a three-tenant retail strip which is immediately neighboring a concurrently developed Wawa convenience store and fueling station located in Camp Springs, Maryland. Constructed in 2021/2022, the retail strip consists of 12,865 square-feet spread across three shop spaces and Wawa occupies a 5,600 square-foot freestanding store with 8 pumps. Wawa is the effective anchor of the Offering, representing 44 percent of revenue. Wawa has a 10 percent rent increase coming in June 2026, boosting year two NOI by nearly five percent, and thus the cap rate to six percent. The chain boasts an investment grade shadow rating of “BBB” by Fitch and has more than 16 years remaining on a lower-than-market land lease rate.
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Financing By
Listing Price: $10,527,000
Investment Highlights
- Year Two NOI Increases Boosts Cap Rate to Six Percent
- Esteemed National Brands
- 85 Percent of Revenue from Advance Auto Parts, Domino's Pizza and Wawa
Investment Overview
On behalf of ownership, Marcus & Millichap is pleased to offer for sale Andrews Park, a three-tenant retail strip which is immediately neighboring a concurrently developed Wawa convenience store and fueling station located in Camp Springs, Maryland. Constructed in 2021/2022, the retail strip consists of 12,865 square-feet spread across three shop spaces and Wawa occupies a 5,600 square-foot freestanding store with 8 pumps. Wawa is the effective anchor of the Offering, representing 44 percent of revenue. Wawa has a 10 percent rent increase coming in June 2026, boosting year two NOI by nearly five percent, and thus the cap rate to six percent. The chain boasts an investment grade shadow rating of “BBB” by Fitch and has more than 16 years remaining on a lower-than-market land lease rate.
Exclusively Listed By
Financing By
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