Loxley, AL - Wawa

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a brand-new, absolute NNN ground lease Wawa investment property located in Loxley, Alabama. The tenant, Wawa, Inc., recently signed a 20-year lease with six (6) additional 5-year options to extend, demonstrating their long-term commitment to this location. The lease features 7% rental increases every five years starting in year 11 of the initial term and throughout option periods, steadily growing NOI and providing a built-in hedge against inflation. The lease is structured as an absolute NNN ground lease with zero landlord responsibilities, making it an ideal, management-free investment for a passive or out-of-state investor.

The Wawa is strategically positioned at the signalized, hard corner intersection of S Hickory Street and W Union Avenue, with a combined 24,300 vehicles per day. S Hickory connects directly to Interstate 59, the primary route to Gulf Shores, exposing the site to both daily local traffic and seasonal tourist activity. The property benefits from strong access, corner visibility, and multiple ingress/egress points that support smooth customer circulation. The asset is centrally located in downtown Loxley, near a newly constructed Aldi Distribution Center and adjacent to key civic anchors such as City Hall, the U.S. Post Office, and the Baldwin County Schools Central Office. It is also positioned within a half-mile of national retailers including Piggly Wiggly, Dollar General, and Family Dollar, creating strong tenant synergy and promoting crossover foot traffic. The site is further supported by the area’s affluent consumer base, with the 3-mile trade area boasting an average household income exceeding $97,000. Located in Baldwin County, the 6th fastest growing MSA in the United States, Loxley benefits from sustained in-migration, new housing development, and significant investment in infrastructure and education. This growing regional demand, combined with the property’s prime location and long-term lease with Wawa, positions the asset as a stable, high-quality investment with durable income potential.