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600 England St
Ashland, VA 23005
Wawa | NEW 20-YEAR NNN · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Service Station
Building Size
6,049 SF
Building Class
B
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.76 AC
Zoning
B2
Parking
30 Spaces (4.95 Spaces per 1,000 SF Leased)
About 600 ENGLAND ST , ASHLAND, VA 23005
Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer a new ground leased Wawa opportunity in Ashland, Virginia, a suburb of Richmond. The Tenant, Wawa, Inc., is subject to a new 20-year NNN ground lease that commenced in December 2018. The lease features 10 percent rental increases every five years during the base term and six, five-year option periods. Wawa is a best-in-class tenant within the highly sought-after convenience sector and a tier-one retailer that is both online and recession resistant. Wawa was recently rated by Fitch as “BBB”, or investment grade, and operates over 800 locations in the Mid-Atlantic and Florida.
Property Taxes
| Parcel Number | 7870-91-9485 | Improvements Assessment | $1,363,500 |
| Land Assessment | $1,545,400 | Total Assessment | $2,908,900 |
Property Taxes
Parcel Number
7870-91-9485
Land Assessment
$1,545,400
Improvements Assessment
$1,363,500
Total Assessment
$2,908,900
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