Riverview, FL - Wawa (Paseo)

Description:

• The lease is guaranteed by Wawa, Inc., an investment-grade tenant (Fitch: BBB), nationally recognized and established convenience store and gas brand with over 1,260 locations
• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 10% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Wawa was ranked No. 21 in Forbes 2025 Ranking of America’s largest private companies
• The company is currently in the midst of its “largest expansion ever,” aiming to reach 1,800 stores by 2030
• 2026 construction with high quality materials and distinct design elements

• Just East of I-75 (154,000 VPD), allowing users to benefit from direct on/off ramp access to the site and surrounding trade areas
• St. Joseph’s Hospital recently completed a $120 million expansion that increased capacity to 232 beds, expanded the emergency department, and added a new five-story patient tower, creating a substantial consumer base comprised of hospital staff, physicians, nurses, patients, and visiting family members
• Near shopping center anchored by Walmart Supercenter & Sam’s Club that features other retailers such as Firestone, Chase Bank, Burger King, Walgreens, and more
• Sam’s Club ranks in the 73rd percentile (148 out of 563) of all nationwide locations via Placer.ai
• Walmart ranks in the 75th percentile (165 out of 677) of all nationwide locations via Placer.ai
• Publix across ranks in the 79th percentile (276 out of 1,369) of all nationwide locations via Placer.ai
• The Big Bend Road/I-75 interchange recently completed an $81.7 million reconstruction designed to alleviate congestion and support continued growth in South Hillsborough County

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