Wawa US-1 | 4625 Harrison Road - NNN

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List Price
$4,080,000
PSF
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Cap Rate
5%
PPSF
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Lot Size
2.17 Acres
Key Highlights
Long-Term Tenant Commitment: 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 next scheduled rent increase is on July 31, 2026.
Absolute NNN Ground Lease with Corporate Guarantee: 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’ list of America’s Largest Private Companies, generating approximately $18.8 billion in annual revenue.
Significant Rent Upside – Below Market Lease: The current lease is priced approximately 30% below market rent, providing built-in value and a strong foundation for long-term income growth and capital appreciation.
High-Visibility Location on Major Corridor: Positioned at a signalized intersection along US-1, the property enjoys outstanding visibility and access, with traffic counts exceeding 41,000 vehicles per day—ideal for maximizing customer exposure.
Robust Surrounding Economic Drivers: Located in a highly active commuter corridor, the property benefits from steady daily traffic from residents commuting to Washington, D.C., Richmond, and Fairfax. The surrounding area supports a strong daytime population and sustained fuel demand. Additionally, over 16 auto dealerships within a one-mile radius create a built-in customer base and contribute to consistent traffic volume.
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Wawa US-1 | 4625 Harrison Road - NNN
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Jonathan De La Rosa
Senior Managing Director Investments
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