West Palm Beach, FL - Wawa

Description:

• The tenant has 17+ years remaining with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• 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
• The ground lease features scheduled rental increases throughout the initial term and each option to extend, increasing NOI and hedging against inflation

• Subject property is strategically fronting Southern Blvd / US-98, a primary East/West thoroughfare serving West Palm Beach and averaging more than 84,100 vehicles passing by daily
• Wawa is directly off Florida’s Turnpike (84,000 VPD)
• The asset is positioned near The Shoppes at Southern Palms, a 230,000 SF,
25- acre Kohl’s and Dick’s Sporting Goods anchored retail center
• Several national/credit tenants support the immediate trade area such as Dunkin’, Chick-fil-A, McDonald’s, Lowe’s, The Home Depot, and more
• This location ranks in the 77th percentile (233 out of 1,030) of all nationwide Wawa locations via Placer.ai