Wawa

Wawa Convenience Store Net Lease Investment Opportunity
Fort Lauderdale, FL MSA
Absolute Triple Net Lease | Fee Simple Ownership | High-Traffic Hard Corner Location

This offering presents an exceptional opportunity to acquire a single-tenant Wawa convenience store and fuel station located in the high-demand Fort Lauderdale Metropolitan Statistical Area. Backed by a long-term 16-year absolute triple net (NNN) lease, this investment offers stable, management-free income from one of the nation’s most rapidly expanding and highly successful convenience store operators. With a prime location, strong demographics, and a corporate-backed guarantee, this property is ideally positioned to deliver long-term income stability and appreciation potential.

Location and Market Overview
Fort Lauderdale is part of the Miami-Fort Lauderdale-West Palm Beach metropolitan area, one of the fastest-growing and most affluent regions in the United States. Known for its tourism, boating industry, healthcare, and finance sectors, the Fort Lauderdale MSA benefits from robust population growth and high consumer spending. The area continues to attract new residents and businesses, creating sustained demand for retail and service-based tenants.

The subject property is strategically located on a prominent hard corner along a major arterial road with daily traffic counts exceeding 58,000 vehicles. The site features excellent visibility, multiple points of ingress and egress, and easy accessibility, making it a convenient stop for both commuters and local residents. The surrounding trade area is anchored by major national retailers such as Publix, Walmart, Home Depot, and Target, along with numerous quick-service restaurants and service-oriented businesses.

Demographics
The property benefits from strong surrounding demographics. Within a three-mile radius, the population exceeds 112,000 residents with average household incomes of $91,000. Expanding to five miles, the population grows to more than 258,000 residents, with average household incomes of $87,000. This affluent and dense population base supports consistent daily traffic and strong sales performance for Wawa.

Property Details
The property features a modern Wawa prototype totaling approximately 6,000 square feet with a state-of-the-art fueling station on a 2.1-acre parcel. Designed to accommodate heavy customer traffic, the facility includes a full-service convenience store with a fresh food and beverage program, multiple fuel dispensers, and ample on-site parking. The building is constructed to Wawa’s most recent design standards, ensuring operational efficiency and brand consistency.

Ownership is fee simple, granting the investor full control of both the land and improvements, offering long-term security and flexibility.

Lease Structure and Tenant Guarantee
The property is backed by a brand-new 16-year absolute triple net (NNN) lease. Under this lease, Wawa is responsible for all property expenses including real estate taxes, insurance, and maintenance, creating a completely passive investment. The lease features scheduled 10% rental increases every five years, providing consistent and predictable income growth over the lease term.

Wawa, Inc., founded in 1964, operates over 1,000 convenience store and fuel locations across the East Coast, with a rapidly growing presence in Florida. The company is renowned for its strong customer loyalty, robust sales performance, and industry-leading convenience store model that combines fresh food, beverages, and fuel services. Wawa continues to expand aggressively, with Florida being a core focus market.

Surrounding Area and Trade Drivers
The Fort Lauderdale MSA benefits from strong tourism, significant in-migration, and affluent residential communities. The property’s location near densely populated neighborhoods, schools, and employment hubs ensures a steady base of daily customers. Additionally, its proximity to major retail centers and busy commuter corridors enhances its long-term stability and consumer traffic flow.

Investment Highlights

• 16-year absolute triple net (NNN) lease with Wawa, Inc.
• Fee simple ownership of a 2.1-acre parcel with a 6,000-square-foot modern prototype store and fueling station.
• Tenant responsible for all property expenses, offering a 100% passive ownership experience.
• Scheduled 10% rental increases every five years, delivering dependable income growth.
• Corporate-backed lease from Wawa, one of the fastest-growing and most successful convenience store operators in the nation.
• Prime Fort Lauderdale MSA location on a hard corner with traffic counts exceeding 58,000 vehicles daily.
• Strong demographics: more than 112,000 residents within three miles and 258,000 within five miles, with household incomes averaging $87,000–$91,000.
• Located in a high-demand corridor surrounded by national retailers and service-oriented tenants.
• Highly attractive for 1031 exchange buyers, REITs, family offices, and institutional investors seeking stable, long-term income.

Buyer Profile and Financing
This property is ideal for 1031 exchange buyers and institutional investors seeking a secure, long-term investment with zero landlord responsibilities. The 16-year absolute NNN lease with scheduled rental increases provides lender confidence and supports favorable financing terms.

Conclusion
This Wawa property in the Fort Lauderdale MSA represents a premier single-tenant net lease opportunity. Featuring a 16-year absolute NNN lease, corporate-backed guarantee, scheduled rent escalations, and a prime location in one of Florida’s most desirable and affluent markets, the property provides secure and predictable income along with strong long-term appreciation potential.

Qualified investors are encouraged to request the full offering memorandum, lease abstract, and financial details.