Investment Grade Tenant

• Wawa is subject to an absolute net ground lease with 10% increases every 5 years and in options.
• Absolutely no landlord responsibilities
• Wawa carries a shadow rating of “BBB” by S&P
• Revenues of approximately $18.9 billion per Forbes

Within an hour drive of both Virginia Beach and beaches of NC Outer Banks

Centrally Located within Elizabeth City

• Highest traffic corner in Elizabeth City (48,000 Combined VPD Halstead & Ehringhouse)
• Main Retail Trade area: Surrounding National Retailers include Lowe’s, Food Lion, Chick Fil-A, Walgreens, Hobby Lobby, Planet Fitness, Starbucks, Popeyes,

Only 5 minute commute from 3 universities

• Elizabeth City State University, Mid-Atlantic Christian University
• 5,429 combined enrollment

Sentara Regional Medical Center

• Brand new 185-bed state of the art medical facility only 5 mins away

U.S. Coast Guard base and Regional Airport

• One of the largest Cost Guard bases in the country. Only 7 mins from subject property. Roughly 850 enlisted personnel.

Proximity to Norfolk MSA

• Largest Naval Station in the world
• The movement of freight through the Port of Virginia supports a substantial portion of Virginia’s Gross State Product, estimated to be over $350 billion annually