St Cloud, FL - Wawa

Description:

• The lease is 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 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies
• 2025 construction with high quality materials and distinct design elements

• Located at the signalized, hard corner intersection of Canoe Creek Rd and Nolte Rd
• Part of a larger retail development that features Wawa (Lot 1), McDonald’s (Lot 2), Sud Stop Car Wash (Lot 3), Chipotle (Lot 4), Dutch Bros (Lot 5), Heartland Dental (Lot 5), a multi-tenant strip (Lot 5), and future retail on Lot 7
• The adjacent Walmart Neighborhood Market ranks in the 81st percentile (122 out of
672) of all nationwide locations via Placer.ai
• The new FL Tpke connection onto Nolte Road will provide consistent traffic to the site
• Adjacent to Steven’s Crossing, a new development with Walmart Neighborhood Market, Heartland Dental, Kiddie Academy, a 7-tenant strip, and more
• 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)

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