Auto Service - Gas-Conv

Wawa | Near Medical Drivers | Portsmouth, VA

720 London Street, Portsmouth, VA 23704

Listing Price: $5,622,222

Cap Rate
4.50%
Tenant Name
Wawa
Years Remaining On Lease
20.2
Guarantor
Corporate Guarantee
Rentable SF
6,049
Lease Type
NNN Ground Lease
Rent Per Square Feet
$41.83

Investment Overview

Near medical drivers | One-half-mile from Naval Medical Center Portsmouth (NMCP), the Country’s oldest operating Naval Hospital and one of the area’s major drivers. NMCP is home to more than 5,000 men and women who provide healthcare services to all of our armed forces, their family members, and military retirees, nearly 180,000 beneficiaries.

Investment Highlights

  • NEW 20-YEAR LEASE WITH STRUCTURED RENTAL INCREASES
  • SITUATED AT A PRIME CORNER LOCATION IN HISTORIC OLDE TOWN
  • PROXIMITY TO NATIONAL RETAILERS

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Sales Manager

    License(s): VA: 0225215181

    Virginia

Auto Service - Gas-Conv

Wawa | Near Medical Drivers | Portsmouth, VA

Listing Price: $5,622,222

Cap Rate
4.50%
Tenant Name
Wawa
Years Remaining On Lease
20.2
Guarantor
Corporate Guarantee
Rentable SF
6,049
Lease Type
NNN Ground Lease
Rent Per Square Feet
$41.83

Investment Highlights

  • NEW 20-YEAR LEASE WITH STRUCTURED RENTAL INCREASES
  • SITUATED AT A PRIME CORNER LOCATION IN HISTORIC OLDE TOWN
  • PROXIMITY TO NATIONAL RETAILERS

Investment Overview

Near medical drivers | One-half-mile from Naval Medical Center Portsmouth (NMCP), the Country’s oldest operating Naval Hospital and one of the area’s major drivers. NMCP is home to more than 5,000 men and women who provide healthcare services to all of our armed forces, their family members, and military retirees, nearly 180,000 beneficiaries.

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Sales Manager

    License(s): VA: 0225215181

    Virginia

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