CBRE presents a rare opportunity to acquire a brand-new Wawa convenience store and fueling station located at 1031 Richmond Avenue in Staunton, Virginia. Scheduled for delivery in October 2025, this 5,915-square-foot retail asset sits on a 1.76-acre parcel and features Wawa’s latest prototype design with high-end finishes and multiple fueling positions. The property is backed by a 20-year corporately guaranteed NNN ground lease, offering investors a truly passive ownership structure with zero landlord responsibilities. With 10% rental escalations every five years and six five-year renewal options, the lease provides long-term income growth and stability.
Strategically positioned just 0.5 miles from I-81 and along Richmond Avenue/US 250, the site benefits from exceptional visibility and access to over 100,000 vehicles per day. The surrounding area is a vibrant retail corridor anchored by national brands such as Walmart, Lowe’s, Aldi, Chick-fil-A, and Starbucks, ensuring consistent foot traffic and cross-shopping opportunities. Staunton’s proximity to Shenandoah National Park and Charlottesville enhances its appeal to both local residents and regional travelers.
Demographics within a 7-mile radius include a population of over 57,000 and an average household income of $119,692, supporting strong consumer demand. With Wawa’s investment-grade credit rating and its position as the #1 convenience store/gas station operator in the Mid-Atlantic, this asset represents a secure, long-term investment in a growing market.