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Wawa 2151 Brooks Dr

5,619 SF 4-Star Retail Building District Heights, MD 20747 £6,107,230 (£1,087/SF) 5.40% Net Initial Yield

Investment Highlights

  • Easily accessible location at a fully signalized intersection at Pennsylvania Avenue (Route 4) and Brooks Drive.
  • Strategic location approx. one mile from Washington DC and approximately 2.5 miles from the Capital Beltway (I-495/I-95).
  • Last stop for a fueling station before entering Washington DC.
  • Adjacent to high-density communities (7,000+ residences within 1 mile).
  • Highly visible site with approximately 150’ feet of unobstructed frontage on Pennsylvania Avenue.
  • First stop for a fueling station after entering Prince George’s County, MD from Washington DC.

Executive Summary

• New construction completed in Q2 2023
• New lease with 18+ years remaining
• Corporate Guarantee by Wawa, Inc.
• Base rent increase 10% every 5 years, including the renewal option periods

Attachments

Wawa_2151 Brooks TEASER

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,619 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Price
£6,107,230
Price Per SF
£1,087
Net Initial Yield
5.40%
NOI
£329,696
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
2.09 AC
Zoning
RMF-48
1 of 1

PROPERTY TAXES

Parcel Number 06-5592038 Improvements Assessment £0
Land Assessment £0 Total Assessment £4,574,142

PROPERTY TAXES

Parcel Number
06-5592038
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£4,574,142
(301) 918-2952

  • Listing ID: 29393064

  • Date on Market: 29/08/2023

  • Last Updated:

  • Address: 2151 Brooks Dr, District Heights, MD 20747

The Retail Property at 2151 Brooks Dr, District Heights, MD 20747 is currently available For Sale. Contact NAI The Michael Companies, Inc. for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

Wawa | 2151 Brooks Dr
(301) 918-2952 x

Wawa | 2151 Brooks Dr

1/3

Barbara Richman Kahn

(301) 918-2952

(301) 918-2952

Michael Isen

(301) 918-2908

(301) 918-2908

Michael DiMeglio

(301) 918-2949

(301) 918-2949

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