Wawa - Net Lease Property for Sale
College Park, MD
Key Investment Metrics
Price
$6,950,000
Cap Rate
4.8%
Net Operating Income
$330,000
Building Size
4732 SF
Lot Size
4,732 SF
Land Area
1.46 Acres
Remaining Term
16.4 years
Lease Expiration
05/31/2042
Lease Term
20.0 years
Lease Commencement
05/13/2022
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
10% Rental Increases at the Beg. of Each Option
About This Wawa Net Lease Property
This Wawa NNN (triple net lease) property is located in College Park, MD and represents an excellent investment opportunity for commercial real estate investors. The property features 4732 square feet of building space.
With a cap rate of 4.8%, this Wawa net lease property offers stable income potential. The asking price is $6,950,000, making it an attractive option for 1031 exchange investors seeking quality Wawa commercial properties.
Why Invest in Wawa NNN Properties?
- Stable Income: Wawa net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Wawa is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
College Park, MD Market Overview
Located in College Park, MD, this Wawa property benefits from strong local demographics and market fundamentals. The College Park area offers excellent visibility and accessibility, making it an ideal location for Wawa operations and a solid investment for net lease property buyers.