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Wawa - Hagerstown MD 10304 Sharpsburg Pike 5,915 SF Retail Building Hagerstown, MD 21740 $3,431,000 ($580.05/SF) 6% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Scheduled 10% Rental Increases | Options to Extend | Established Brand and C-Store Operator
- Signalized,Hard Corner Intersection | Off I-70 (70,300 VPD) |Directly Adjacent To Walmart Supercenter (2.1M+ Annual Visits) |Wawa - Strong Earnings Re
- Absolute NNN | Leasehold Interest | No Landlord Responsibilities
- Strong Demographics in 5-mile Trade Area | Affluent 1-Mile
Executive Summary
• The tenant, Wawa, Inc., is a nationally recognized convenience store and fuel operator with 1,100+ locations and investment-grade credit (Fitch: BBB)
• Brand new 20-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 10% rental increases every 5 years throughout the primary term, starting in lease year 6 and at the beginning of each option period
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies
• 2025 construction with high quality materials and distinct design elements
• Large 2.15-acre parcel
• Brand new 20-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 10% rental increases every 5 years throughout the primary term, starting in lease year 6 and at the beginning of each option period
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies
• 2025 construction with high quality materials and distinct design elements
• Large 2.15-acre parcel
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
5,915 SF
Building Class
C
Year Built
2025
Price
$3,431,000
Price Per SF
$580.05
Cap Rate
6%
NOI
$205,838
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.15 AC
Zoning
HI - Highway Interchange
Parking
60 Spaces (10.14 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-000343 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $458,733 |
Property Taxes
Parcel Number
10-000343
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$458,733
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Wawa - Hagerstown MD | 10304 Sharpsburg Pike
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