Wawa - Pace, FL
Wawa Corporate Ground Lease | Across from Walmart Neighborhood Market
Marketing description
CBRE is pleased to exclusively present a brand new 20-year absolute NNN ground lease with Wawa, one of the most sought-after net-lease tenants. The 6,372± SF property is situated on a 3.2± acre parcel at a signalized hard corner offering exceptional visibility and access, and next door to a new incoming McDonald’s and adjacent to a new Walmart Neighborhood Market.
The lease features fixed rental increases throughout the term and provides truly passive ownership with no landlord responsibilities. Wawa demonstrates strong financial performance and an aggressive growth trajectory, reporting a 22% revenue increase in 2023 to $18.23 billion and
earning recognition from Forbes as one of the largest private companies in the U.S. Further reinforcing its market position, Wawa has announced plans for its largest expansion to date, targeting up to 700 new locations over the next five years and approximately 1,800 stores nationwide by 2030.
Investment highlights
ABOUT THE INVESTMENT:
• Brand New 20-Year Corporate Guaranteed Ground Lease with Wawa, Inc. –
Absolute NNN Structure – No landlord management obligations
• Fixed 7% rental increases every 5 years throughout primary term and including
option periods
• No debt to assume | Florida has NO STATE INCOME TAX
ABOUT THE LOCATION:
• Large 3.2±acre parcel situated on a signalized hard corner offering excellent
Visibility & Access
• Located next to a new incoming McDonald’s and Adjacent a brand-new
Walmart Neighborhood Market
• First store location to be proposed by Wawa for Santa Rosa County and the
first one Approved for development by the County
• High-growth suburban market within expanding Pensacola MSA
ABOUT THE TENANT/BRAND:
• Wawa, Inc. — Investment grade credit with a Fitch rating of ‘BBB’
• Founded in 1964, Wawa operates more than 1,000 locations across the Mid-
Atlantic, Southeast, and expanding Midwest markets
• Consistent recognition from Forbes as one of the largest private companies
in the United States (2025), America’s Best Large Employers (2026), Most
Trusted Companies in America (2026)
• Recently announced plans for its largest expansion to-date, targeting up to
700 new locations over the next 5 years & 1,800± stores nationwide by 2030
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