Wawa - Tallahassee, FL (Blair Sone)

Description:

• The lease is signed by Wawa Florida, LLC, owned by Wawa Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,080+ 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
• This is Wawa’s second location in Tallahassee

• Located at the signalized, hard corner intersection of N Blair Stone Rd and Miccosukee Rd averaging a combined 34,400 VPD
• Just West of Capital Circle NE 52,800 VPD, a major Tallahassee retail and commuter thoroughfare that encompasses around the entire city and provides access to its suburbs
• The surrounding neighborhoods will provide a direct, steady consumer base from which to draw
• Across from several medical and government offices, providing additional consumer bases from which to draw
• Less than a mile North off Tennessee St, the main East/West retail and commuter thoroughfare serving to the city of Tallahassee
• The Publix-anchored Mahan Village, located just East of the subject site, is ranked in the 89th percentile (1,225 out of 11,342) of all nationwide neighborhood centers according to Placer.ai