Pensacola, FL - Wawa

Description:

• This is a corporate location, adding to Wawa’s footprint across the state of Florida
• Wawa is an investment grade (Fitch: BBB), established convenience store and gas brand with over 1,050+ 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 is strategically located as an outparcel to the new 40+ AC Ransley Station devleopment that will feature The Waters at Ransley Phase 1 (336-units), Multi-Family Phase 2 (294-units), Homewood Suites, as well as proposed retail, office, and medical users
• Ideally positioned off Interstate 10 (81,500 VPD), allowing for users to benefit from direct on/off ramp access to the subject property, Ransley Station development, and surrounding FL panhandle trade areas
• The surrounding retailers supporting the immediate trade area are Walmart Neighborhood Market, Publix, Wendy’s, Starbucks, and more
• The Publix just North of the subject site ranks in the top 70% (396 out of 1,317) of all locations nationwide
• Across from Avalon Apartments (276-units), providing another consumer base from which to draw