Wawa Ground Lease | Mobile MSA
New 20-Year Abs NNN Ground Lease | Publix Shadow Anchored Site
Marketing description
New 20-year absolute NNN ground lease to Wawa, a leading chain of convenience stores and fuel stations that is aggressively expanding its presence beyond its traditional East Coast footprint.
5% rental increases every five (5) years starting in year 11, ensuring consistent income growth.
Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
Corporate-backed lease by Wawa, Inc., ranked #20 on the Forbes Largest Private Companies List, providing investor confidence in a proven brand.
Wawa plans to nearly double its store count by 2030 to approximately 1,800 locations.
Investment highlights
Prime Retail Location: High-visibility and easily accessible location at the signalized four-way intersection of Schillinger Road & Silver Pine Road (combined 24,000+ AADT).
Reliable Tenancy: Wawa is aggressively expanding its presence beyond its traditional East Coast footprint, opening new locations in Georgia, Alabama, and the Carolinas, with plans to enter Tennessee and Kentucky in the coming years.
Strong Demographic Base: The five-mile radius serves a populous region of 69,298, with an average annual household income of $96,351 within one mile.
Brand-New Publix: Prime location across the street from a new construction Publix Supermarket, creating ample crossover shopping opportunities.
Zero Management Responsibilities: Absolute NNN ground lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot.
Growing Market Dynamics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Wawa and Semmes for steady concurrent growth
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