This Wawa gas and convenience store is strategically situated along Pulaski Highway (Route 40) at the signalized intersection with Mechanics Valley Road in North East, Maryland. Pulaski Highway (Route 40) is a highly-trafficked artery through parts of Maryland as well as Delaware and is closely paralleled by Interstate-95. North East is located in Cecil County, Maryland at the top of the Chesapeake Bay. Situated almost halfway between Baltimore and Philadelphia, North East is quickly being discovered by commuters that want to take advantage of the easy access to Interstate-95, which runs just to the north. And the town is also benefiting from the large influx of jobs coming to the area, especially at Aberdeen Proving Ground, just a few miles to the south with the BRAC Program. North East has much to offer, including shops, restaurants, museums, and miles of scenic waterfront. On opposing corners of the subject property is a Builders Surplus Center and a local eatery, Fast Eddie's Pit Beef. Situated along Pulaski Highway are a number of national retailers including McDonald's, Dunkin Donuts, Walgreens, Domino's, Rite Aid Pharmacy, Kmart, PNC Bank, Cecil Bank, Bank of America and Waffle House. Further, west of the subject property at Route 40's intersection with Route 272 are two major retail venues - North East Plaza, anchored by Walmart, PETCO and Dollar Tree, and North East Station, anchored by Food Lion and Lowe's. "Main Street" in downtown North East boasts a large collection of antique stores, along with other gift shops, and restaurants. The Shoppes of Londonshire, located on Main Street, is a small indoor mall that once housed a department store but today contains several unique shops inside. Local eateries such as Woody's Crab House, Nauti-Goose Saloon, Steak & Main, Pier 1, Pickled Herring Pub and The Victorian Tea Cup.

Marcus & Millichap is pleased to exclusively offer for sale this Wawa (Ground Lease) opportunity situated within North East, Maryland. The subject location opened as a Wawa in mid-2006 subject to a 10 year absolute net ground lease. Due to the success of the location, the Landlord approached the Tenant about extending its lease early in exchange for various modifications to the lease. As a result of the negotiations, the subject offering is for sale conditioned upon the Landlord providing to the buyer an amendment to the lease stipulating that there will be a new 20 year lease term with six, five-year option terms. This 2.1 acre parcel is situated at a high traffic signaled corner along Pulaski Highway (Route 40) which runs parallel to Interstate 95 along the northern portion of Maryland. Wawa was recently rated by Fitch as "BBB", or investment grade. Aside from the company strong credit, they operate over 600 locations and are currently expanding into Florida. Investors should appreciate the creditworthiness and quality of the operator as well as the costly investment Wawa has made to build its improvements here. Wawa operates in a 5,140 square foot convenience store with ten multi-product dispensers (MPDs). It is estimated that Wawa invested over $2,500,000 in its improvements providing an investor further protections above and beyond the tenant