Sanford, FL - Wawa

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
• 11 years remaining 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 and at the beginning of each option period
• This Wawa location ranks in the 78th percentile (223 out of 1,027) of all nationwide locations via Placer.ai
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies

• Wawa is strategically located along State Highway 46 with clear visibility and access to an average of 41,000 vehicles passing by daily
• The site benefits from nearby access onto I-4 (140,000 VPD), making this a centralized location with easy commutes for both employees and customers
• Within proximity to Towne Center Plaza (87K+ SF), Gateway Plaza (229K+ SF), Seminole Towne Center (632K+ SF), and other centers
• The surrounding national/credit tenants include Walmart Supercenter, Best Buy, Target, Publix, BJ’s, ALDI, AutoZone, and others
• The nearby multi-family complexes consist of Bell Lake Forest (209 units), Viridian Reserve (260 units), Integra Crossings (348 units), and 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)