Wawa NNN Ground
For Sale
Contact for pricing
16000 Otterdale Rd, Chesterfield, VA 23832
Wawa-operated ground lease positioned at a signalized corner across from a Publix-anchored retail center.
Property Size5,935 SF
Price / SF$673.97
Days on Market62
Property Features for 16000 Otterdale Rd
General Information
Standard status
Active
Size
5,935 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$198,000
Additional Details
Traffic Count
33,000 vehicles/day
Building Details
Year Built
2018
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Washington, D.C.
(443) 553-6755
Listed By:
Dean Zang · License #MD 665335
Source:
Crexi
Added: Jun 30
Changed: Aug 29
Last Checked: Aug 29 at 2:06PM
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 Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
This NNN ground-lease property is occupied by Wawa in a 5,935-square-foot building completed in 2018. The lease includes 10% rent increases every 5 years, with a 5.45% cap rate projected in 2 years.
The property occupies a corner location on Otterdale Rd in Chesterfield, across from a Publix-anchored center and near new national-chain retail. The surrounding area is identified as a growing, affluent Richmond suburb, and the site records 33,000 VPD. Wawa is ranked among the top 15% of stores in its chain.
The property occupies a corner location on Otterdale Rd in Chesterfield, across from a Publix-anchored center and near new national-chain retail. The surrounding area is identified as a growing, affluent Richmond suburb, and the site records 33,000 VPD. Wawa is ranked among the top 15% of stores in its chain.
Key Highlights
- Wawa‑operated 5,935‑square‑foot property built in 2018
- NNN ground lease with 10% increases every 5 years
- 5.45% cap rate in 2 years
Property Analytics
Current Use
Lease Details
33,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 23832, VA
39,640
Population
14,292
Households
2.8
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
41.5 sq mi
ZIP Area
955
Density / Sq Mi
$103,742
Median Household Income
$49,945
Median Earnings
$1,851
Median Rent
$334,800
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?
NNN property - Wawa-operated ground lease positioned at a signalized corner across from a Publix-anchored retail center.
Where is this nnn property located?
The property is located at 16000 Otterdale Rd Chesterfield, VA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Wawa‑operated 5,935‑square‑foot property built in 2018; NNN ground lease with 10% increases every 5 years; 5.45% cap rate in 2 years
