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Wawa - College Park, MD 10050 Baltimore Ave 4,732 SF 100% Leased Retail Building College Park, MD 20740 $6,950,000 ($1,468.72/SF) 4.75% Cap Rate
Executive Summary
- Wawa corporate (1,100+ locations) signed lease
- Over 16 years of initial term remaining with 6 (5-year) options to extend
- Features 10% rental increases every 5 years
- An outparcel to an IKEA anchored center that also features national/credit tenants including Chipotle, Dunkin’, Buffalo Wild Wings, Verizon, Truist Bank, Tropical Smoothie Cafe, and FedEx
- Located near College Park Market Place, a Home Depot and Shoppers Grocery anchored center that also includes a Starbucks and ATI Physical Therapy
- The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Costco, McDonald’s, ALDI, Panera Bread, Dollar Tree, and more
- Located near the intersection of Baltimore Avenue and Interstate 95/495 which combine to average over 234,000 vehicles passing by daily Baltimore Avenue is a major retail thoroughfare serving the city of College Park
- Excellent visibility from Baltimore Avenue (39,500 VPD) and multiple points of ingress/egress
- More than 363,200 residents and 164,300 employees support the trade area
- $124,267 average household income
- Over 16 years of initial term remaining with 6 (5-year) options to extend
- Features 10% rental increases every 5 years
- An outparcel to an IKEA anchored center that also features national/credit tenants including Chipotle, Dunkin’, Buffalo Wild Wings, Verizon, Truist Bank, Tropical Smoothie Cafe, and FedEx
- Located near College Park Market Place, a Home Depot and Shoppers Grocery anchored center that also includes a Starbucks and ATI Physical Therapy
- The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Costco, McDonald’s, ALDI, Panera Bread, Dollar Tree, and more
- Located near the intersection of Baltimore Avenue and Interstate 95/495 which combine to average over 234,000 vehicles passing by daily Baltimore Avenue is a major retail thoroughfare serving the city of College Park
- Excellent visibility from Baltimore Avenue (39,500 VPD) and multiple points of ingress/egress
- More than 363,200 residents and 164,300 employees support the trade area
- $124,267 average household income
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,732 SF
Building Class
B
Year Built
2023
Price
$6,950,000
Price Per SF
$1,468.72
Cap Rate
4.75%
NOI
$330,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.07
Lot Size
1.46 AC
Zoning
LTOE
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-3437894 | Improvements Assessment | $2,668,900 |
| Land Assessment | $1,589,900 | Total Assessment | $4,258,800 |
Property Taxes
Parcel Number
01-3437894
Land Assessment
$1,589,900
Improvements Assessment
$2,668,900
Total Assessment
$4,258,800
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Wawa - College Park, MD | 10050 Baltimore Ave
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