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Wawa Portfolio in Richmond Trades in $35.2 Million Deal

California-Based Buyer Completes Acquisition as Part of 1031 Exchange

The Wawa at 11021 Iron Bridge Road in Chester, Virginia, sold as part of the five-property deal. (JLL)
The Wawa at 11021 Iron Bridge Road in Chester, Virginia, sold as part of the five-property deal. (JLL)

A Pennsylvania-based joint venture has sold five Wawa convenience stores in the Richmond, Virginia, area for $35.2 million in a deal that underscores the strength of well-leased properties home to businesses deemed essential and allowed to remain open amid the coronavirus pandemic.

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