Jacksonville (Palatka), 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 1,040+ 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
• There are 1,043 Wawa stores in the United States as of January 9, 2024

• Wawa is strategically located at the signalized, hard corner intersection of N State Road 19 and Reid Street averaging a combined 53,000 VPD
• The nearby retail developments include Palatka Mall and Town & Country Shopping Center
• Town & Country Shopping Center ranks in the top 68% of all community shopping centers nationwide
• Palatka Mall ranks in the top 65% of all strip/convenience centers nationwide
• The immediate trade area is supported by retailers such as Walmart Supercenter, The Home Depot, Publix, and more
• Just North of Palatka High School (1,067-students), providing a consumer base from which to draw