Overview

Description

NNN INVESTMENT SALE OPPORTUNITY - NAI Michael is pleased to offer for sale a newly constructed, absolute NNN leased Wawa with 19+ years remaining on a new lease in the Washington DC metropolitan area.

This 2.09-acre corner property is located along Pennsylvania Avenue (Route 4), a heavily traveled artery - averaging 25,982 vehicles per day - connecting the District of Columbia to surrounding Maryland suburbs. This site is at the fully signalized intersection of Pennsylvania Avenue and Brooks Drive, providing convenient access for both eastbound and westbound customers.

Additionally, this Wawa is surrounded by dense residential communities, which include over 3,000 multifamily units, single-family homes, and townhouses. There is an abundance of national and regional retailers and restaurants along the busy Pennsylvania Avenue corridor, such as Target, Giant Food, Shoppers, Planet Fitness, Burlington, and TGI Fridays, among many others. This robust retail presence provides a strong customer draw for Wawa.

Highlights

• New construction completed in Q2 2023
• Easily accessible location at a fully signalized intersection at Pennsylvania Avenue (Route 4) and Brooks Drive
• New lease with 19+ years remaining
• Corporate Guarantee by Wawa, Inc.
• Base rent increase 10% every 5 years, including the renewal option periods
• Adjacent to high-density communities (7,000+ residences within 1 mile)
• Strategic location approx. one mile from Washington DC and approximately 2.5 miles from the Capital Beltway (I-495/I-95)
• Highly visible site with approximately 150’ feet of unobstructed frontage on Pennsylvania Avenue
• Last stop for a fueling station before entering Washington DC, or the first stop for a fueling station after entering Prince George’s County, MD from Washington DC

Documents

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