Hagerstown Investment Opportunity: Wawa
For Sale
Contact for pricing
Pending
10304 Sharpsburg Pike, Hagerstown, MD 21740
Single-tenant Wawa leasehold with long-term income potential.
Property Size5,915 SF
Lot Size2.15 Acres
Days on Market289
Property Features for 10304 Sharpsburg Pike
General Information
Standard status
Pending
Size
5,915 SF
Class
A
Total Parking Spaces
60
Lot size
2.15 Acres
Property subtype
Retail
Zoning
HI: Highway Interchange
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$205,838
Building Details
Year Built
2025
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners McLean
(202) 286-1542
Listed By:
Andrew Fallon · License #VA 0225193951
Source:
Crexi
Added: Oct 28, 2025
Changed: Aug 11
Last Checked: Aug 11 at 9:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
Located in Hagerstown, Maryland, 10304 Sharpsburg Pike is a single-tenant leasehold property featuring a new 20-year lease with scheduled 10% rental increases. Constructed in 2025, the property is situated on a 2.15-acre parcel. The tenant is Wawa, Inc., a convenience store and fuel operator with over 1,100 locations and a Fitch credit rating of BBB. The lease includes 6 (5-year) extension options. The property has a cap rate of 6.00% and a net operating income of $205,838, backed by a corporate guaranty. The area boasts an average household annual income (AHHI) exceeding $136,622, presenting an attractive proposition for investors.
Key Highlights
- New 20‑year lease with scheduled 10% rental increases ensures long‑term stable income
- Nationally recognized tenant, Wawa, Inc., with over 1,100 locations and a BBB Fitch credit rating
- Net Operating Income (NOI) of $205,838 and a 6.00% cap rate
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
355k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Superstores 29%
Shops & Services 13%
Groceries 6%
Walmart
Superstores
102,421 visits/mo
0.2 miles
Chick-fil-A
Dining
54,693 visits/mo
0.2 miles
McDonald's
Dining
35,468 visits/mo
0.3 miles
Sheetz
Shops & Services
34,377 visits/mo
0.3 miles
Cracker Barrel Old Country Store
Dining
23,209 visits/mo
0.2 miles
Demographics for 21740, MD
65,619
Population
27,002
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
70.9 sq mi
ZIP Area
926
Density / Sq Mi
$59,410
Median Household Income
$42,159
Median Earnings
$1,031
Median Rent
$241,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single-tenant Wawa leasehold with long-term income potential.
Where is this grocery and convenience store located?
The property is located at 10304 Sharpsburg Pike Hagerstown, MD.
What is the asking price?
The asking price for this property is $3,431,000.
What are key features of this property?
This property features: New 20‑year lease with scheduled 10% rental increases ensures long‑term stable income; Nationally recognized tenant, Wawa, Inc., with over 1,100 locations and a BBB Fitch credit rating; Net Operating Income (NOI) of $205,838 and a 6.00% cap rate
