4625 Harrison Rd - Convenience Store FOR SALE


Fredericksburg, VA 22408
$4,080,000 USD
786-306-7259
4625 Harrison Rd, Fredericksburg, VA for Sale
$4,080,000 USD
Convenience Store - FOR SALE
1/7
null | 5% Cap Rate

4625 Harrison Rd
Fredericksburg, VA 22408


HIGHLIGHTS

  • Wawa has operated at this location since 2006, demonstrating long-term commitment by proactively exercising two 10-year renewal options.
  • The lease includes over 16 years of remaining term, with zero landlord responsibilities and 7.5% rental increases every five years.
  • The lease is backed by a corporate guarantee from Wawa, Inc., one of the largest privately held companies in the U.S. Wawa is ranked No. 22 on Forbes.
  • The current lease is priced approximately 30% below market rent, providing built-in value and a strong foundation for long-term income growth.
  • Positioned at a signalized intersection along US-1, the property enjoys outstanding visibility and access, with traffic counts exceeding 41,000 VPD.
  • Located in a highly active commuter corridor, the property benefits from steady daily traffic from residents commuting to Washington, D.C. & Richmond.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,080,000 USD

PRICE/SF

$712 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa US1 | 19+ Years at Location

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

94,744 SF

ZONING

C3

APN/PARCEL ID

24C-3-A-8R

ASK ABOUT THIS PROPERTY

Jonathan De La RosaMarcus & MillichapMore Info
786-306-7259

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Jonathan De La RosaMarcus & MillichapMore Info
786-306-7259

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