Albany, GA - 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 1,100+ locations
• The site benefits from a large 4.58-acre parcel
• 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 5% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies
• 2025 construction with high quality materials and distinct design elements

• Ideally located at the signalized, hard corner intersection of US Hwy 82 and Marlow Ln
• The asset will benefit from multiple developments in the surrounding area, including newly built 7 Brew and RaceTrac locations just across the intersection
• Phoebe Urgent Care at Marlow is currently under construction at US-82 and Marlow Lane, near the subject property, and will serve the growing southwest Lee County
• New acute-care hospital is proposed nearby in the Grand Island area, with plans for 50 beds, a 10-bed ICU, an 8-bed emergency department and six operating rooms. The Lee County Hospital Authority is pursuing up to $200 million in financing for the project (Article Link)
• Oakland Plantation is a 1,500-acre master-planned community along US-82 with ongoing residential and commercial development, including Quail Chase Sections 6 and 7, with 24 new homesites in Section 7 (Website Link)
• The Walmart to the East ranks in the 80th percentile (761 out of 3,886) of all nationwide locations and the Publix ranks in the 92nd percentile (102 out of 1,364) of all nationwide locations via Placer.ai
• Wawa gasoline sales totaled 3.1 billion gallons in 2024, averaging approximately 69,042 gallons per store per week. Across the convenience-store industry, fuel gallons increased 0.5% in 2025, demonstrating continued demand for the fuel category (Source: NACS)

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