•	Brand new 20-year ground 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 1,080+ locations
•	The lease features 10% rental increases every 5 years throughout the initial term and each option to extend, increasing NOI and hedging against inflation
•	Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
•	No landlord responsibilities
•	Investor benefits from leased fee interest (land ownership)
•	Ideal management-free investment for a passive investor

Offering Memorandum

•	Wawa is strategically fronting Branch Avenue (131,300 VPD)
•	Located off Interstate 495 (196,800 VPD), a primary thoroughfare serving Washington D.C. and its surrounding metropolitan areas
•	The asset is positioned 1 mile from Marlow Heights Center, a 478,000 SF Giant Food anchored shopping center
•	The immediate trade area is supported by several national/credit tenants such as CVS, AutoZone, Chipotle, Wendy’s, McDonald’s, and more
•	More than 349,000 residents and 101,000 employees support the trade area
•	Average household income within the 1-mile radius is $103,139

Marlow Heights, MD - Wawa

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<p>Lana Caravello joined SRS&#39; Washington D.C. office in 2020 as a transaction coordinator. Lana has more than 15 years experience in real estate, property and transactional management, customer acquisition, IT, and marketing. Most recently with Calkain, Lana provided transactional support for a team of top producing investment sales brokers and agents. She worked directly with senior producers and assisted with transactional management working to move acquisition and disposition transactions through to closing. </p><p>Lana is a graduate of the University of Central Florida.</p>

Lana Caravello

Transaction Coordinator

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Demographics	1 Mile	3 Mile	5 Mile
Population	9,841	133,082	349,096
Average Household Income	$103,139	$97,556	$99,160

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Marlow Heights, MD - Wawa

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Andrew Fallon

Patrick Nutt

Philip Wellde