Auto Service - Gas-Conv

Wawa

Listing Price: $6,555,556

Cap Rate
4.50%
Tenant Name
Wawa
Years Remaining On Lease
20.00
Gross SF
1
Guarantor
Corporate Guarantee
Rentable SF
1
Price/Gross SF
$6,555,556.00
Lease Type
NNN Ground Lease
Rent Per Square Feet
$295,000.00

Investment Overview

PROXIMATE TO MANY DAY-TIME ECONOMIC DIVERS - This location is centered in a key industrial hub of the surrounding area and hosts a daytime population of over 18,000 people within a one-mile radius. Due west of this location, is the upscale neighborhood of Canton. With a population of over 12,000, this neighborhood has become one of the most popular with young professionals who love Baltimore’s charm. CANTON’S COMMERCIAL RESURGENCE - In the past few years, there have been many new redevelopments in the Canton submarket. Retailers such as Target, and Harris Teeter are the first major tenants to open in the neighborhood at The Shops at Canton Crossing. Other esteemed retail names including Michaels, Old Navy and DSW have joined the anchors, an indication of the rapidly changing demographic in this submarket. Canton’s waterfront streetscape is continuing its gentrification including a new 500+ unit waterfront residential project, a 20 million dollar expansion of an Athletic club and the 2nd phase of the Collective at Canton that will bring more than 40,00 square feet of additional retail to the area.

Investment Highlights

  • NEW 20-YEAR NNN LEASE - INVESTMENT-GRADE TENANT - SHADOW RATED "BBB" BY FITCH
  • 10% INCREASES EVERY 5 YEARS
  • TRENDY CANTON SUBMARKET OF BALTIMORE

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Listing Price: $6,555,556

Cap Rate
4.50%
Tenant Name
Wawa
Years Remaining On Lease
20.00
Gross SF
1
Guarantor
Corporate Guarantee
Rentable SF
1
Price/Gross SF
$6,555,556.00
Lease Type
NNN Ground Lease
Rent Per Square Feet
$295,000.00

Investment Highlights

  • NEW 20-YEAR NNN LEASE - INVESTMENT-GRADE TENANT - SHADOW RATED "BBB" BY FITCH
  • 10% INCREASES EVERY 5 YEARS
  • TRENDY CANTON SUBMARKET OF BALTIMORE

Investment Overview

PROXIMATE TO MANY DAY-TIME ECONOMIC DIVERS - This location is centered in a key industrial hub of the surrounding area and hosts a daytime population of over 18,000 people within a one-mile radius. Due west of this location, is the upscale neighborhood of Canton. With a population of over 12,000, this neighborhood has become one of the most popular with young professionals who love Baltimore’s charm. CANTON’S COMMERCIAL RESURGENCE - In the past few years, there have been many new redevelopments in the Canton submarket. Retailers such as Target, and Harris Teeter are the first major tenants to open in the neighborhood at The Shops at Canton Crossing. Other esteemed retail names including Michaels, Old Navy and DSW have joined the anchors, an indication of the rapidly changing demographic in this submarket. Canton’s waterfront streetscape is continuing its gentrification including a new 500+ unit waterfront residential project, a 20 million dollar expansion of an Athletic club and the 2nd phase of the Collective at Canton that will bring more than 40,00 square feet of additional retail to the area.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

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