The first Wawa store in Montgomery County hasn't even opened yet, and it's already for sale. Now under construction at 405 S. Frederick Avenue in Gaithersburg, the store could be yours for $7,957,000. Does that include unlimited Gobbler sandwiches? That question would probably rank a distant second to the one on most Wawa fans' minds for the last several years, namely, when is the Gaithersburg Wawa opening? The online sale listing gives us the best clue yet, as it notes that Wawa's lease will commence in November 2023.
Wawa's Gaithersburg NNN ground lease has a primary term of 20 years, with 10% rent increases every 5 years, and six 5-year renewal options, indicating the chain is here in Montgomery County for the long haul. That rent will go to you, if you are the lucky buyer with $8 million burning a hole in your pocket.
The sale listing goes on to describe the Gaithersburg Wawa's prime location on busy MD 355 across from Gaithersburg High School, and the rarity of a Wawa store in the area. "Currently under construction, this location will be Gaithersburg’s first Wawa store and will serve as Wawa’s long awaited first store along the I-270 corridor outside of Washington, D.C. There are currently no Wawa locations northwest of D.C. along the interstate until the I-270/I-70 interchange in Frederick, MD over 20 miles away."
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