Brand New 20-Year Ground Lease | Corporate Guaranteed | Investment Grade Tenant | Scheduled Rental Increases
– Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long term commitment to the site
-The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 950+ locations
-The ground lease features scheduled rental increases throughout the initial term and each option to extend, increasing NOI and hedging against inflation.
-Tenant Pays for CAm, Taxes, insurance and maintains all aspects of the presmises – NO landlord expenses.