1150 5th St SW Charlottesville, VA 22902
New 20-year corporately guaranteed Wawa ground lease for sale.
Type:Retail
Property size:
5,200 SFLot size:
1.83 AcresPrice / SF:
$1,769/SF- Added:
- Sep 26, 2024
- Days on Market:
- 573
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 1150 5th St SW
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Lot size
- 1.83 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing agent Catharine Spangler License #VA 0225196994
Listing office Cushman & Wakefield Thalhimer - Glen Allen, Virginia
Listing date Sep 26, 2024
Source Crexi
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 Cushman & Wakefield Thalhimer - Glen Allen, Virginia
Overview
Charlottesville Wawa Ground Lease Opportunity
A new, corporately guaranteed 20-year ground lease opportunity is available in Charlottesville, Virginia. The property is leased to Wawa, Inc., an investment-grade entity with a BBB rating by Fitch and over $18.9 billion in annual revenue. Wawa operates over 1,000 locations along the East Coast and is the ninth-largest convenience store chain in the United States. The property is situated on approximately 1.83 acres at the signalized hard corner of 5th Street SW and 5th Street Station Parkway, about 0.5 miles from Interstate 64. The site benefits from high visibility and accessibility at the entrance of 5th Street Station, a 400,000 square foot shopping destination anchored by Wegman's. Its proximity to Interstate 64, which sees 48,000 vehicles per day, makes it a convenient stop for travelers.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Places Nearby
- Wegmans — 100 Wegmans Wy, Charlottesville, VA 22902
Location Insight
- Map
- Local Demand
- City
- Charlottesville
- County
- Charlottesville
- State
- Virginia
- Longitude
- -78.5016321
- Latitude
- 38.0121393
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - New 20-year corporately guaranteed Wawa ground lease for sale.
Where is this grocery and convenience store located?
The property is located at 1150 5th St SW Charlottesville, VA.
What is the asking price?
The asking price for this property is $9,200,000.
What are key features of this property?
This property features: Corporately guaranteed 20‑year ground lease with Wawa, Inc.; Investment‑grade tenant (BBB by Fitch) with substantial annual revenue.; Located at the signalized hard corner entrance of 5th Street Station, a shopping center anchored by Wegman's.
