Ocala, FL - Wawa (Pine Ave)

Description:

• The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,100+ 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 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Site is on a larger 3.052 AC parcel

• This site is located at the signalized, hard corner intersection of S Pine Ave and SE 52nd St
• The asset benefits from significant street frontage and ingress/egress
• The Shoppes Off 80th will introduce 80,000 square feet of upscale outdoor retail space in 2026
• Freedom Commons is a significant mixed-use development encompassing approximately 334 acres. The project is currently undergoing review by Marion County and aims to integrate residential and commercial spaces to support the area’s rapid growth
• Freedom Commons is part of a broader trend of development in the area, contributing to the transformation of the SR 200 corridor into a more urbanized and amenity-rich environment