2151 Brooks Dr - Convenience Store FOR SALE


District Heights, MD 20747
$7,780,000 USD
240-832-7428
2151 Brooks Dr, District Heights, MD for Sale
$7,780,000 USD
Convenience Store - FOR SALE
1/4
null | 5.4% Cap Rate

2151 Brooks Dr
District Heights, MD 20747


HIGHLIGHTS

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

OVERVIEW

• 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

FOR SALE DETAILS

PRICE

$7,780,000 USD

PRICE/SF

$1,385 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

91,040 SF

ZONING

RMF-48

APN/PARCEL ID

06-5592038

ASK ABOUT THIS PROPERTY

Barbara Richman KahnNAI The Michael Companies, Inc.More Info
240-832-7428

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Barbara Richman KahnNAI The Michael Companies, Inc.More Info
240-832-7428

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.