8550 N Davis Hwy, Pensacola, FL 32514

Introducing an exclusive investment opportunity with a ground lease property at 8550 N. Davis Highway, Pensacola, Florida 32514. This single-tenant absolute NNN property features the 4th Wawa location in Escambia County, showcasing a thriving business model. Wawa, generating an impressive $18.6 billion in revenue in 2024, secures this investment with a solid credit rating of BBB by Fitch. With a lucrative net operating income of $218,000 and a competitive cap rate of 4.50%, this property offers stability and growth potential. The brand-new 5,915 SF construction includes a corporate guaranty from Wawa Inc., providing a secure long-term investment opportunity. Lease terms span 20 years with 6 (5-year) extension options and rental increases every 5 years, underlining commitment to the site. Benefit from Wawa's established presence as a leading convenience store and gas brand with over 1,100 locations nationally. Don't miss the chance to own a prime property at a strategic location, leased to a highly reputable tenant like Wawa, a name synonymous with quality and success in the retail industry.