Valdosta, GA - 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 5% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• 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)
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s Largest private companies

• This site is located at the signalized, hard corner intersection of Shiloh Rd and Amber Dr
• Just off I-75 (61,900 VPD), allowing users to benefit from on/off ramp access to the site and surrounding trade areas
• Across from Wiregrass Georgia Technical College, which will provide a steady consumer base (3,700+ students)
• The adjacent La Quinta and Best Western on the opposite side of the I-75 ramp will provide additional consumer bases
• The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers
• There is a direct access point off I-75 that will serve as a major traffic driver to the property