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Wawa - Manassas VA 10691 Davidson Pl 6,048 SF Retail Building Manassas, VA 20109 $9,915,000 ($1,639.38/SF) 4.70% Cap Rate
Investment Highlights
- Corporate Guaranteed Ground Lease | 14+ Years Remaining | Scheduled Rental Increases | 24-Hour Store
- Outparcel to Lowe’s | Near Sudley Towne Plaza, Bull Run Plaza
- Hard Corner Intersection | Excellent Visibility & Access
- Absolute NNN Ground Lease | Fee Simple Ownership | Zero Landlord Responsibilities
- Rare Retail Opportunity | Nearby Residential Communities | High Barriers To Entry
- Strong Demographics In 5-mile Trade Area
Executive Summary
• Wawa corporate (1,100+ locations) signed lease
• 14 years of initial term remaining with 6 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years, steadily growing NOI while providing a hedge against inflation
• The Wawa is open 24/7, providing ease and convenience for customers
• 14 years of initial term remaining with 6 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years, steadily growing NOI while providing a hedge against inflation
• The Wawa is open 24/7, providing ease and convenience for customers
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
6,048 SF
Building Class
B
Year Built
2020
Price
$9,915,000
Price Per SF
$1,639.38
Cap Rate
4.70%
NOI
$466,125
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.67 AC
Zoning
B-1
Parking
46 Spaces (7.61 Spaces per 1,000 SF Leased)
Frontage
89’ on Davidson Pl
Amenities
- Corner Lot
- Car Charging Station
- Monument Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7697-33-5350 | Improvements Assessment | $2,162,700 |
| Land Assessment | $1,399,000 | Total Assessment | $3,561,700 |
Property Taxes
Parcel Number
7697-33-5350
Land Assessment
$1,399,000
Improvements Assessment
$2,162,700
Total Assessment
$3,561,700
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