November 1, 2024 – Austin Smith and Kyle Danielson of Horvath & Tremblay have successfully completed the sale of a new construction Wawa in Laurel, Maryland. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $5,143,000.
Wawa is located at 14910 Silver Trail Lane in Laurel, Maryland. The new construction stand-alone convenience store and gas station was completed in 2023. Wawa has 19 years remaining on an Absolute NNN Ground Lease with six (6), 5-Year Options. The lease features attractive 10% rent increases every 5-years throughout the primary lease term and at the start of each of the six renewal option periods. The newly constructed Wawa is well positioned along Silver Trail Lane, adjacent to the intersection of Konterra Drive and Van Dusen Road. The Property enjoys outstanding frontage, visibility and access and is 0.4-miles from Interstate 95 and 1.5-miles from US Route 1, the area’s primary commercial corridor. The Property offers convenient access to MD Routes 198 and 200 as well as the Baltimore Washington Parkway and is just 2-miles from the Muirkirk Train Station. Wawa is part of a larger development that is home to Starbucks, and is positioned in between Duvall Westside, a 484-unit Class A Apartment Community and Avalon Laurel, a 344-unit Class A Apartment Community. Wawa is also minutes from densely populated residential neighborhoods that provide a captive customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.