13610 Pennsylvania Ave - Freestanding FOR SALE


$6,757,000 USD
949-903-3399
13610 Pennsylvania Ave, Hagerstown, MD for Sale
$6,757,000 USD
Freestanding - FOR SALE
1/5
null | 5.1% Cap Rate

13610 Pennsylvania Ave
Hagerstown, MD 21742
Outer Robinwood/Paramnt/Fountain Head


HIGHLIGHTS

  • Brand New 20 Yr. NNN Corp. Lease by Wawa Inc. (Gas/C-Store) Grand Opening in Q4 2025
  • Dense Retail & Residential Corridor near Regional Airport Surrounded by WV/PA State Borders
  • Best in Class Tenant Over 1150+ Locations Ranked #22 “America’s Largest Private Companies”
  • Affluent Bedroom Community with Strong Demo’s ($93,399 HHI) Tremendous Area of Tourism
  • Brand New 2025 Prototype Large 3.45 Acre Site - 10% Rent Bumps Rare Generational NNN Asset!

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer investors an excellent opportunity to acquire a new construction Wawa in Hagerstown, MD. Wawa is ranked 22nd on Forbes’ “America’s Top Private Companies” (2024), has been family owned and operated for over 200 years, and brings in over $18.8 billion in annual revenue. With a brand new 20-year corporate ground lease, six 5-year option periods, no landlord responsibilities, and a 10% rent increase every 5 years, this asset is ideal for a 1031 exchange or an investor seeking long-term passive cash flows. The new construction 5,915 SF convenience store with 8 MFDs on a large 2.45-acre parcel is strategically positioned on the hard corner signalized intersection of Pennsylvania Avenue and Maugans Avenue, which has a combined traffic count exceeding 42,900 VPD, and benefits from excellent ingress/egress and visibility. The subject property prospers from proximity to both affluent residential neighborhoods and flourishing industrial zones. Wawa is half a mile from the 1.2M SF Amazon Global Specialty Fulfilment Center (500+ employees) and the 1.5 million SF Volvo Powertrain Manufacturing Facility (1,700 employees). Additionally, Hagerstown Regional Airport is only 1.3 miles away and offers direct service to Orlando, Saint Petersburg, and Myrtle Beach. Nearby retailers include McDonald’s, Starbucks, Taco Bell, Wendy’s, Waffle House, Walgreens, CVS Pharmacy, and more. This is a great opportunity to purchase a brand-new Wawa in Hagerstown, MD, with a long-term corporate ground lease, no landlord responsibilities, and strong rent increases providing investors with passive income for years to come.

FOR SALE DETAILS

PRICE

$6,757,000 USD

PRICE/SF

$224 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa - 20 Yr. Corporate Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

3.45 AC

LAND SF

150,282 SF

ZONING

BG

APN/PARCEL ID

27-011136

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.