

Wawa 20-Year Ground Lease
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
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