Wawa - Fort Lauderdale MSA
Absolute NNN (Ground Lease) | Top Performing Location: 91st Percentile Nationwide via Placer.ai
Investment highlights
16+ Year Lease | Corporate Guaranteed | Investment Grade Tenant | Scheduled Rental Increases
16+ 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 1,040+ locations
The ground lease features scheduled rental increases throughout the term and options to extend, increasing NOI and hedging against inflation
Signalized, Hard Corner Intersection | US 1 / N. Federal Hwy | Near Interstate 95 | S. Broward High School (2,300+ Students)
Wawa is strategically located at the signalized, hard corner intersection of US 1/N. Federal Hwy and Harding Street
US 1/N. Federal Hwy is a dominant thoroughfare that serves the entire East Coast of Florida
Subject property is less than two miles East of Interstate 95 (222,000 VPD)
Directly across from S. Broward High School (2,300+ students), providing a direct consumer base
The asset benefits from significant street frontage and multiple points of access, providing ease and convenience for customers
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