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INVESTMENT HIGHLIGHTS
NEW CONSTRUCTION GROUND LEASE: This is a new construction Wawa that features a 20-year Absolute NNN ground lease with six (6), 5-year renewal options. Wawa is currently under construction with an anticipated rent commencement date of October 23, 2025. The corporate ground lease features attractive 10.0% rent increases every five years throughout the primary lease term and at the start of each renewal option period, providing the investor with an attractive hedge against inflation.
DYNAMIC TENANT: Wawa convenience stores are one of the most sought-after triple net lease investment properties in the market today due to their strong corporate backing and excellent underlying real estate fundamentals. Wawa operates more than 1,100 locations in the United States and had an estimated 2024 Revenue of $18.84 Billion.
STRATEGIC RETAIL LOCATION: The new construction Wawa is extremely well located at the signalized intersection of Lawyers Road (VA Route 683) and Wards Road (US Route 29), the area’s primary commercial and commuter corridor. Wawa shares the intersection with the Airport Plaza, a Food Lion anchored shopping center, and enjoys outstanding frontage, visibility and access. This location out-positions Sheetz and others as the choice stop for northbound US Route 29 commuter traffic prior to the interchange of US Highway 460 and US Route 29 (south of the Wards Road commercial corridor). The Property is approximately 2-miles from Liberty University and Lynchburg’s primary commercial district, which is home to countless national and local retailers and restaurants, and more than twenty hotels.
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