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32286586
32286589

2011 ORANGE BLOSSOM LN, SANDSTON, VA 23150 For Sale

CS
VA VA 0225196994
Cushman & Wakefield Thalhimer - Glen Allen, Virginia
Listed by Cushman & Wakefield Thalhimer - Glen Allen, Virginia
$3,469,000
74 days on market
Updated 74 days ago

Wawa 20-Year Ground Lease

Details
APN 835-713-1767
Property Type Retail
Sub Type Gas Station
Square Footage 5,760
Units 1
Cap Rate 4.90%
NOI $170,000
Occupancy 100%
Tenancy Single
Brand/Tenant Wawa
Lease Type Absolute NNN
Lease Term 19.7
Remaining Term 19
Rent Bumps Yes
Class B
Year Built 2025
Buildings 1
Stories 1
Acreage 2.000
Zoning B-2C
Parking Spaces 81 spaces
Parking per 1,000 SqFt 14.06
Tenant Credit Credit Rated
Ground Lease Yes
Sale Condition N/A

New Construction with Approachable Price Point | 19.7 Years of Remaining Lease Term

Marketing description

Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale a brand-new ground lease opportunity in Richmond, Virginia, strategically positioned within the Richmond International Airport corridor. Wawa, one of the nation’s premier convenience and fuel operators, generates over $18+ billion in annual revenue and operates more than 1,100 locations along the East Coast. The company ranks among the largest privately held businesses in the United States according to Forbes and continues to expand within high-traffic, infrastructure-oriented markets.

The Property is prominently located along Highway 60, approximately four miles from Richmond International Airport, with immediate access to Interstate 64. Positioned within one of Richmond’s most active transportation and logistics corridors, the site benefits from a steady flow of commuters, airport travelers, and distribution-related employment. The surrounding area is defined by a strong concentration of industrial and logistics users, creating consistent, needs-based demand that supports convenience retail performance.

The offering features 19.7 years of remaining lease term with six (6) five-year renewal options and contractual rent escalations. Structured as an absolute NNN ground lease, the investment offers a passive ownership profile with zero landlord responsibilities. The combination of a nationally recognized tenant, long-term lease duration, and a location driven by durable transportation and employment fundamentals positions the Property to deliver stable cash flow and long-term value within the greater Richmond market.

Investment highlights

  • STRATEGIC AIRPORT CORRIDOR LOCATION
  • DEMAND DRIVEN BY LOGISTICS & EMPLOYMENT GROWTH
  • PATH-OF-GROWTH CORRIDOR WITH INSTITUTIONAL CAPITAL MOMENTUM
  • LONG-TERM, PASSIVE GROUND LEASE STRUCTURE
  • INSTITUTIONAL-QUALITY CREDIT TENANCY
  • PROVEN OPERATOR IN HIGH-THROUGHPUT LOCATIONS

Listing Contacts

CS
VA VA 0225196994
Cushman & Wakefield Thalhimer - Glen Allen, Virginia
Listed by Cushman & Wakefield Thalhimer - Glen Allen, Virginia

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$170,000.00
$14,166.67/mo

Valuation Metrics

0
DSCR
4.9%
Cap Rate
4.9%
ROI

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Additional Information

Name
Catharine Spangler
License
VA 0225196994
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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