Hagerstown, MD - Wawa

Description:

• The tenant, Wawa, Inc., is a nationally recognized convenience store and fuel operator with 1,100+ locations and investment-grade credit (Fitch: BBB)
• Brand new 20-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 10% rental increases every 5 years throughout the primary term, starting in lease year 6 and at the beginning of each option period
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies
• 2025 construction with high quality materials and distinct design elements
• Large 2.15-acre parcel

• Located at the signalized, hard corner intersection of Sharpsburg Pike (26,000 VPD) and Arnett Drive
• Just off the I-70 exit (70,300 VPD), offering direct on/off ramp access to the site and surrounding trade areas
• Situated in a dense retail corridor, the subject site is surrounded by numerous national brands including Aldi, Arby’s, and Taco Bell, and is just minutes from multi-tenant shopping centers such as Hagerstown Premium Outlets
• The property is directly adjacent to a high-performing Walmart Supercenter that sees over 2.4 million annual visits, driving significant consumer traffic to the area and supporting strong cross-shopping activity
• Wawa merchandise sales per store averaged $7.1M for the year ended 2024 versus an industry average of $2.7M for 2023 (Source: NACS)
• Gasoline sales totaled 3.1 billion gallons for the year 2024, an average of 69,042 gallons sold a week per store, over two times the industry average of 32,726 per store per week in 2023 (Source: NACS)

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Listing ID: a28TP000001lig9YAA