Garner, NC - Wawa

Description:

• The lease has approximately 19 years remaining, plus six 5-year renewal options, demonstrating the tenant’s long-term commitment to the site
• The lease includes 10% rental increases every five years and at the beginning of each option period, steadily increasing NOI and providing a hedge against inflation
• The site will feature brand new construction with the brand’s modern store design and state-of-the-art building materials

• Garner ranked No. 10 among the fastest-growing towns in the U.S. in 2025, with population increasing 10.4% year over year, driven by strong quality of life, available development land, and ongoing residential growth (Article Link)
• Garner’s rapid growth is primarily migration-driven, with new residents drawn
by its proximity to Raleigh and RTP, relative housing affordability, expanding infrastructure, strong employment anchors such as Amazon and logistics users, and suburban quality-of-life amenities including parks, schools, retail, and community facilities (Article Link)
• The site benefits from excellent frontage and visibility along Veterans Parkway /Hwy 36, provides convenient access to the surrounding trade area
• Located with easy access to Interstate 40, a major thoroughfare serving the Raleigh MSA with over 69,500 vehicles per day
• The site benefits from proximity to numerous national and credit tenants, including Publix, Food Lion, Walmart Supercenter, Lowe’s Home Improvement, ALDI, Chipotle, Panera Bread, and several other major retailers and restaurants, reinforcing the strength of the surrounding trade area

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Listing ID: a28TP0000037MEzYAM