Marcus & Millichap is pleased to present a premier net lease investment opportunity. Wawa has occupied the property since 2006, demonstrating long-term commitment to the location by exercising two 10-year renewal options early. The lease includes over 16 years of remaining term, with zero landlord responsibilities and 7.5% rental increases every five years. The next scheduled increase occurs on July 31, 2026.
This is an Absolute NNN Ground Lease corporately guaranteed by Wawa, Inc., one of the largest privately held companies in the United States. Ranked No. 22 on Forbes’ list of America’s Largest Private Companies, Wawa reports annual revenues of approximately $18.8 billion. The lease is currently priced approximately 30% below market rent, providing a strong foundation for continued success and long-term growth.
The property is prominently located at a signalized intersection along US-1, offering exceptional visibility and exposure, with traffic counts exceeding 41,000 vehicles per day. Strategically positioned near major highways, it benefits from its location within a key commuter corridor, with many residents traveling daily to Washington, D.C., Richmond, Fairfax, and other regional employment hubs. This dynamic supports strong daytime population and steady fuel demand. Additionally, the presence of over 16 auto dealerships within a one-mile radius creates a built-in, captive audience and contributes to sustained customer traffic.