Ground-leased Wawa in Henrico County sells for $3.8 million
Ground leased properties with a long-term tenant continue to attract investors.
The Kerlin Corp., a Cincinnati-Ohio based company that designs and installs professional lawn irrigation systems, purchased a ground-leased Wawa at 2415 Staples Mill Road in Henrico County from GGC — Staples Mill Road LLC for $3.8 million.
According to Cushman & Wakefield | Thalhimer, which brokered the deal, the company bought the property as an investment. Thalhimer’s Catharine Spangler and Kenneth Penrose, Jr. handled the sale negotiations.