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2151 Brooks DrCapitol Heights, MD 20743
Absolute NNN Leased Wawa
Asset ClassRetail
Lease-Term Remaining18 Years
Cap Rate: 5.4%Year Built: 2023Deal Size: $7.78 MAccess Data Room
overview of deal

Overview

NAI Michael is pleased to offer for sale a newly constructed, absolute NNN leased Wawa with 18+ years remaining on a brand-new lease.

  • New construction completed in Q2 2023
  • Building totals 5,619± square feet
  • Easily accessible location at a fully signalized intersection at Pennsylvania Avenue (Route 4) and Brooks Drive
  • Corporate Guarantee by Wawa, Inc.
  • Base rent increase 10% every 5 years, including the renewal option periods
  • Adjacent to high-density communities (7,000+ residences within 1 mile)
  • Strategic location approx. one mile from Washington DC and approximately 2.5 miles from the Capital Beltway (I-495/I-95)
  • Highly visible site with approximately 150’ feet of unobstructed frontage on Pennsylvania Avenue
  • Last stop for a fueling station before entering Washington DC, or the first stop for a fueling station after entering Prince George’s County, MD from Washington DC
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2151 Brooks DrCapitol Heights, MD 20743

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Listing provided by Revere CRE