Fayetteville, NC - 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
• 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 every 5 years and at the beginning of each option period

• The asset is located in a dense retail corridor with many national/credit tenants including a Publix, ALDI, Food Lion, Harris Teeter, McDonald’s, Chick-fil-A, 7 Brew, Panera Bread, Crumbl, Chipotle, Taco Bell, Wendy’s, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for this site
• More than 153,400 residents and 96,700 employees support the trade area
• Features an average household income of $79,799