Marlow Heights, MD - Wawa

Description:

• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,080+ locations
• The lease features 10% rental increases every 5 years throughout the initial term and each option to extend, increasing NOI and hedging against inflation
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Investor benefits from leased fee interest (land ownership)
• Ideal management-free investment for a passive investor

• Wawa is strategically fronting Branch Avenue (131,300 VPD)
• Located off Interstate 495 (196,800 VPD), a primary thoroughfare serving Washington D.C. and its surrounding metropolitan areas
• The asset is positioned 1 mile from Marlow Heights Center, a 478,000 SF Giant Food anchored shopping center
• The immediate trade area is supported by several national/credit tenants such as CVS, AutoZone, Chipotle, Wendy’s, McDonald’s, and more
• More than 349,000 residents and 101,000 employees support the trade area
• Average household income within the 1-mile radius is $103,139

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