Tavares, FL - Wawa

Description:

• The lease is corporate signed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,060+ 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

• The subject property is located near Tavares High School, Tavares Middle School, and the Lake County Govt. offices, providing consumer bases from which to draw
• Just West of AdventHealth Waterman, who just recently announced a $3M expansion plan for inpatient rehabilitation units
• Surrounding retailers include CVS, The Home Depot, Publix, Dollar General, and more
• The Winn-Dixie just to the North ranks in the top 80% (73 out of 365) of all nationwide locations according to Placer.ai
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for this site