Investment Overview

The Tenant, Wawa Inc., is subject to a new 20-year NNN ground lease with the store opening in March 2026. The lease features 10 percent (10%) rental increases every five years during the base term and six, five-year options, providing revenue growth and a hedge against inflation. Wawa will operate in a 6,049-square-foot store with sixteen multi-product dispensers (MPDs). The Tenant boasts an investment grade shadow rating of “BBB+” by Fitch. Wawa is situated upon a 2.75-acre parcel at the signaled intersection of Route 11 and State Hospital Drive (18,845 VPD). Wawa will operate adjacent to a to-be developed AutoZone, with a shared signalized entrance and connecting parking fields. The site is directly across Route 11 from Danville Area High School and Primary School with 1,149 studentscollectively. Wawa prefers locations near schools as it drives off-peak traffic to their stores. It is notable that the nearest competition, a Sheetz 1.3 miles east, is in an inferior location further from these drivers. Danville is home to Geisinger’s 170-acre Medical Center Headquarters facility. Geisinger is a leading healthcare operator across Northeastern and Central Pennsylvania. In April 2023, Geisinger was acquired by Kaiser Permanente for a reported $5 Billion. Following the acquisition, they announced a new $880 Million expansion of the Geisinger Medical facility which is under a mile from this site. The facility will feature a new 11-story tower and emergency room expansion, evidencing their long-term commitment to the Danville area. Geisinger’s facility currently employs over 10,000 employees and the overall Geisinger Health System employs over 26,000 systemwide. Geisinger’s presence provides Danville and this region tremendous economic stability.