Wawa - Palm City 3420 SW Martin Hwy

Investment Highlights

Brand new 20 year ground lease Absolute NNN ground lease ? No landlord management obligations Located directly on the only corridor in Martin county that connects I-95, the Florida Turnpike, US-1 and the beaches of the Treasure Coast Corporate guaranty with Wawa, Inc. ? Investment grade credit (Fitch rating: BBB) Fixed rental increases throughout the entire lease including options Ideally located at Florida?s Turnpike interchange with easy access to I-95 as well

Executive Summary

CBRE?s Net Lease Property Group is pleased to present this brand new 20-year Wawa positioned at the Florida Turnpike / Martin Hwy Interchange along a major east west thoroughfare in one of the nation?s fastest growing markets. This Wawa sits at the entrance to the newly developed 28-acre mixed-use Palm Pike Crossing development that?s home to Tractor Supply, Express Car Wash, The Learning Experience, Pet Paradise and a new multi-story ExtraSpace Storage facility.Palm Pike Crossing is in close proximity to some of the largest new residential and commercial developments in Martin County and located at the intersection of the two major thoroughfares (SW Martin Hwy & SW Martin Downs Blvd) that connect Interstate 95 and the Florida Turnpike to US-1 and the beaches of the Treasure Coast. Wawa increased revenue 22% in 2023 pushing them up to the 20th largest privatecompany in the U.S., according to Forbes. They achieved an annual revenue of $18.23 billion up from $14.93 billion the prior year and $11 billion in 2021. The company recently revealed plans for ?the most aggressive growth? in company history, according to CEOChris Gheysen, with plans to open as many as 280 new stores over the next decade.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Convenience Store Convenience Store General Retail Fast Food General Retail Freestanding General Retail Service Station Convenience Store
• Building Size    6,116
• Year Built    2024
• Price    5,114,000
• Price Per SF    836
• Cap Rate    4.40
• NOI    225,000
• Percent Leased    100
• Building Height    1 Story
• Building FAR    0.06
• Land Acres    2.20 AC