Wawa | Fairhope, AL

Herrington Realty is pleased to present an outstanding new construction opportunity—an Absolute NNN, 20 Year Wawa Ground Lease—located at one of the more highly desirable intersections in Baldwin County.​ This property boasts an exceptional position on the northeast corner of State Highway 181 and State Highway 104, directly across from the recently established Publix Supermarket and the new USA Medical Campus.​ It is also conveniently adjacent to a new 250-unit multifamily subdivision.​ Benefiting from the remarkable development in the surrounding area and the city's recognition of this intersection as a prominent retail corridor, this property distinguishes itself as the most sought-after corner in all of Baldwin County.​ *Multiple owners are licensed brokers in the state of Alabama

Investment Highlights

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  Brand-New 20 Year Lease – Strong Commitment to Site with (6) 5 Year Options

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  Zero Landlord Responsibilities

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  Lease is Guaranteed by Wawa, Inc., an Investment Grade (Fitch: BBB), Nationally Recognized Brand With over 900+ Locations

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  Located on the Hard Corner of the Increasingly Busy Intersection of Highway 181 and Highway 104 – Highway 181 was recently expanded to 4-lane to accommodate growing demand and traffic – 1000 VPD • Located in one of the Fastest Growing Counties in the State of Alabama – Baldwin County

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  Increases: 2% in year 10 & 7% in year 16, 7% upon execution of option periods