Fort Meade, FL - 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 7% rental increases every 5 years and at the beginning of each option period

• Located at the signalized, hard corner intersection of E Broadway St and S Charleston Ave averaging a combined 31,900 VPD
• S Charleston Ave (US Hwy 98) is a main commuter thoroughfare connecting Fort Meade with the surrounding trade areas
• This is the 10th Wawa location to open in Polk County
• The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers
• Surrounding retailers include Burger King, McDonald’s, O’Reilly Auto Parts, and more