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4625 Old Branch Ave - 20-Year Wawa Ground Lease - Marlow Heights MD
1.64 Acres of Commercial Land Offered at $6,815,000 in Marlow Heights, MD 20748
Executive Summary
- Corporate guaranteed by Wawa, Inc., best-in-class, investment grade (Fitch: BBB)
- 10% rental increases every 5 years throughout the initial term and in options
Property Facts
| Price | $6,815,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 1.64 AC |
| Property Type | Land |
| Price | $6,815,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 1.64 AC |
1 Lot Available
Lot
| Price | $6,815,000 | Lot Size | 1.64 AC |
| Price Per AC | $4,155,488 |
| Price | $6,815,000 |
| Price Per AC | $4,155,488 |
| Lot Size | 1.64 AC |
• Wawa is strategically fronting Branch Avenue (131,300 VPD) • Located off Interstate 495 (196,800 VPD), a primary thoroughfare serving Washington D.C. and its surrounding metropolitan areas • The asset is positioned 1 mile from Marlow Heights Center
Description
- Located off Washington Beltway I95/495 (196,800 VPD), strategic fronting on Branch Avenue (131,300 VPD) - Positioned 1 mile from Marlow Heights Center, a 478,000 SF Giant Food anchored shopping center - More than 349,000 residents and 101,000 employees support the trade area - Average household income within the 1-mile radius is $103,139
PROPERTY TAXES
| Parcel Number | 06-0604686 | Improvements Assessment | $0 |
| Land Assessment | $885,400 | Total Assessment | $885,400 |
PROPERTY TAXES
zoning
| Zoning Code | C-O (C-O (Commercial)) |
| C-O (C-O (Commercial)) |
Presented by
4625 Old Branch Ave - 20-Year Wawa Ground Lease - Marlow Heights MD
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