Avon Park, FL - Wawa

Description:

• The lease is guaranteed by Wawa Inc., an investment grade (Fitch: BBB), nationally recognized, and an 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 in lease year 11 and 7% every 5 years thereafter including option periods
• 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
• Large 2.61-acre parcel

• Located at the signalized, four-way corner intersection of US Highway 27 & 98 and W Stryker Road, which combine to average over 39,500 VPD
• Less than 1 mile from a Walmart Supercenter anchored center with other national/credit tenants including Culver’s, El Car Wash, and Scooter’s
• The subject property is in the center of Avon Park’s primary retail corridor with other national/credit tenants including a Winn-Dixie, ALDI, bealls, Ollie’s Bargain Outlet, Walgreens, Dunkin’, McDonald’s, Taco Bell, and many others
• Wawa merchandise sales per store averaged $7.1M for the year ended 2024 versus an industry average of $2.7M for 2023 (Source: NACS)
• Gasoline sales totaled 3.1 billion gallons for the year 2024, an average of 69,042 gallons sold a week per store, over two times the industry average of 32,726 per store per week in 2023 (Source: NACS)

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