Tallahassee, FL - Wawa (Thomasville Rd)

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
• 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
• 2025 construction which features high quality materials, distinct design elements, and high-level finishes
• 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)
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s Largers

• Located at the signalized, hard corner intersection of Thomasville Rd and Maclay Rd averaging a combined 63,700 VPD
• 1 mile North off I-10 (70,100 VPD), allowing users to benefit from direct on/off ramp access to the site and surrounding trade areas
• The surrounding neighborhoods will provide a direct, steady consumer base from which to draw
• The neighboring shopping center, Village Commons, ranks in the 91st percentile (930 out of 11,595) of all nationwide neighborhood centers via Placer.ai
• The Publix, positioned less than half a mile from the site, is ranked in the 99th percentile (4 out of 1,348) of all nationwide locations and in the 98th percentile (948 out of 66,167) of all nationwide grocery stores via Placer.ai