Wawa Ground Lease | Publix Outparcel
Retail | 4.50% CAP | 6,372 SqFt
Marketing description
Wawa, Inc. is a leading chain of convenience stores and fuel stations, known for its high-quality food, beverages, and customer-first approach. Founded in 1803 as an iron foundry before transitioning to dairy farming and then retail (opening its first store in 1964), Wawa has grown into one of the most beloved convenience store brands in the United States. With a commitment to fresh food, friendly service, and innovation, Wawa continues to expand its presence while maintaining strong community ties.
Wawa operates over 1,200 locations across the East Coast, offering a seamless combination of convenience store, fresh food, and fuel services. Open 24/7, Wawa provides customers with a built-to-order (BTO) menu, featuring customizable hoagies, sandwiches, salads, and bowls, alongside its award-winning coffee, handcrafted espresso drinks, smoothies, and teas. Most locations include fuel stations with competitive pricing, and all stores offer surcharge-free ATMs for added convenience. Technology plays a key role in enhancing the customer experience, with touch-screen ordering kiosks, mobile app ordering, and a loyalty rewards program that provides exclusive discounts.
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. The company is also investing in larger travel center formats to serve long-distance travelers and truck drivers. In addition to its physical expansion, Wawa is enhancing its digital ordering and delivery services, ensuring customers can conveniently access their favorite menu items anytime. With a focus on customer convenience, fresh food, and cutting-edge technology, Wawa continues to grow as a leader in the convenience retail space.
Investment highlights
- 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.
- 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.
- Brand-new 2026 construction tailored to Wawa's latest prototype, ensuring high-volume operations.
- Streamlined layout minimizes upkeep while maximizing service speed, aligning with consumer demand for convenience.
- Large 2.42-acre parcel ensures ease of parking and smooth customer access.
- Site features a "30-second" digital pickup lane – one of, if not the first of, its type in Florida.
- Florida is an income tax-free state, greatly enhancing the appeal of this property.
- 91,378 residents live within five miles of the property, marking a 23% growth since 2010.
- High average annual household income of $91,150 within a one-mile radius of the site.
- Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Wawa and Fort Myers for steady concurrent growth.
- Located equidistant between Tampa and Fort Lauderdale (combined 597,000+ residents).
- High-visibility location at the signalized four-way intersection of Bayshore Road and Coon Road, providing this Wawa ideal access (combined 30,000+ AADT).
- Strategically located on State Road 78 and near Interstate 75 (94,000+ AADT), leading to increased consumer traffic.
- Prime location as an outparcel to a Publix-anchored shopping center, allowing for prime crossover retail opportunities.
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