13610 Pennsylvania Avenue, Hagerstown, MD 21742

New 20-Year Corporate Ground Lease – The Tenant, Wawa Inc., is subject to a 20-year NNN ground lease that commenced in June 2025. The lease features 10 percent (10%) rental increases every five years during the base term and in each of the six, five-year options, providing revenue growth and a hedge against inflation. Wawa will operate 24-hours per day, 7-days per week in a 5,915 square-foot store upon a large 3.46-acre site with eight multi-product dispensers (MPDs). The Tenant boasts an investment grade shadow rating of “BBB+” by S&P.

Parcel Diagonal to Busy Grocery Anchor – The Property is situated at the intersection of Pennsylvania Avenue (14,625 VPD) and Maugans Avenue (24,013VPD) and accessible from both roads. Diagonal to Wawa sits a busy Martin’s Grocery Store. Placer.AI reports that Martin’s experiences 1.2M annual customer visits, making it the busiest location of the 31-store chain. Martin’s nearest competing grocery store is Weis, along Shank Farm Way, which experiences just 631.6K, showing that Martin’s dominates the immediate market. Additionally, there is a number of other national tenants that bring frequent customer traffic to this intersection including CVS, AutoZone, and United Bank.

Major Industrial Employers – The immediate market is home to a large number of industrial employment drivers. Within just ¾ of a mile there are three major industrial developments including an Amazon Fulfillment Center, Hagerstown Logistics Center, and the largest, Volvo Trucks. These 3 plants contribute approximately 3,500 jobs to the area creating daily traffic to the site. Additionally, Wawa sits just 1.3 Miles south of Hagerstown Regional Airport, which reports between 100-150 daily flights plus various supporting services.

Less than 1-Mile off of I-81 Interchange – The Property is located just 0.6 miles away from I-81 at exit 9 and features Interstate-81 signage. I-81 runs from the Canada-New York Border all the way down to Eastern Tennessee and is one of the biggest distribution roads in the country. At this section of the highway, there is an average of 73,080 vehicles per day. Wawa is the first major C-store visible from the interchange traffic, but also offers convenience to the surrounding residential community (over 30,000 in three miles).

Best-In-Class Retailer – Wawa, Inc. 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 operates over 1,000 locations in the Mid-Atlantic and Florida and reported more than $18.8 Billion in Gross Annual Sales Revenue. Wawa is currently #2 on CSP Magazine’s “Fuels 50” list which ranks convenience store brands by Market efficiency, as well as Food & Wine Magazine’s America’s Best Convenience Stores, 2nd only to Texas-based Buc-ee’s on both. In 2025, Forbes Magazine, ranked the company number 21 in its list of America’s Largest Private Companies. The company maintains a shadow credit rating from Fitch, which is investment grade.