Brand New 20 Yr. Ground Lease- Trophy Site Wawa

Investment Highlights

Brand New 20 Yr. NNN Corp. Lease by Wawa Inc. (Gas & C-Store) - Grand Opening in June/July 2024 Best in Class Tenant - Over 1044+ Locations/36% Revenue Growth - Top 25 Largest Private Companies Brand New 2024 Prototype with 6 Fuel Stations/Tesla Supercharger Station/C-Store - Large 2.05 Acres High Profile Hard Corner next to Sarasota Airport - Surrounded by Amazon/Unified Foods Centers Sarasota Named ?The 10 Best Places to Retire in the U.S.? - ?Top 10 Places to Live on the Coast? 2023 #1 State in Population Growth - Trophy Coastal Suburb - Huge Commercial Trade Area - Tax Free State

Executive Summary

The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to acquire a new construction Wawa in Sarasota, FL. Wawa is ranked 20th on Forbes? ?America?s Largest Private Companies?, has been family owned and operated for over 200 years and brings in over $18 billion in annual revenue. With a 20-year corporate ground lease, six 5-year option periods, no landlord responsibilities and 7.5% rent increase every 5 years (starting in year 11) this asset is ideal for a 1031 exchange or an investor seeking long term passive cash flows.The 6,119 SF convenience store with 12 pumps on 2.05-acre parcel is strategically positioned on the hard corner signalized intersection of Tallevast Road and US-301 which have a combined traffic count exceeding 49,000 VPD. The subject property is a mile away from Sarasota Bradenton International Airport (SRQ), is part of the Greater Tampa Bay Area (MSA population exceeding 3.3 million) and is directly opposite the 330,000 SF Amazon Delivery Station.This is a great opportunity to purchase a brand-new Wawa in Sarasota, FL with a long-term corporate ground lease, no landlord responsibilities and rent increases providing investors with passive income for years to come.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Convenience Store Convenience Store General Retail Drugstore General Retail Fast Food General Retail Freestanding Convenience Store
• Building Size    6,119
• Building Class    C
• Year Built    2024
• Construction Status    Under Construction
• Price    5,113,636
• Price Per SF    836
• Cap Rate    4.30
• NOI    220,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.07
• Land Acres    2.05 AC