• The tenant, Wawa, recently signed a brand new 20-year lease with 6 (5-year) options to extend
• The lease is corporate signed by Wawa, Inc., an investment grade
(Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,050+ locations
• 2024 construction that features high quality materials, distinct design elements, and high-level finishes
• The ground lease features 5% rental increases every 5 years starting in lease year 11, generating NOI and providing a hedge against inflation
• • Wawa is situated at the first signalized, hard corner intersection off I-75
(104,500 VPD), in front of a 4,000,000 SF industrial complex (with 1,000,000 SF already completed)
• The 69-acre site across the street will feature 320 multi-family units, providing a steady consumer base from which to draw
• There are several neighboring properties that are highly ranked according to Placer.ai:
• McDonald’s next door ranks in the 98th percentile of all US locations (190 out of 12,547), the Pilot Travel Center ranks in the 87th percentile of all travel centers nationwide, and the Burger King across the street ranks in the 83rd percentile of all fast food & QSR location nationwide