Brand new 20-Year Lease | Corporate Guaranteed | Investment Grade Tenant | Scheduled Rent Increases
– Brand New 20-year 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 900+ locations.
– The ground lease features scheduled rental increase throughout the term and options to extend, increasing the NOI and hedging against inflation.