Wawa

Wawa Net Lease Investment Opportunity
West Palm Beach, FL MSA
15-Year Absolute Triple Net Lease | Corporate Guarantee | Fee Simple Interest

This offering presents a rare opportunity to acquire a brand-new Wawa convenience store and fueling station in the highly desirable West Palm Beach Metropolitan Statistical Area. Featuring a long-term 15-year absolute triple net (NNN) lease guaranteed by Wawa, Inc., this investment offers a stable, management-free income stream from one of the most sought-after convenience and fuel retailers in the United States. Situated on a hard corner of a high-traffic arterial roadway, the property provides exceptional visibility, strong demographics, and premier real estate fundamentals.

Location and Market Overview
The West Palm Beach MSA is part of the South Florida region, one of the most dynamic and affluent markets in the country. With a population of over 1.5 million, the area benefits from robust in-migration, a thriving tourism industry, and strong employment growth across sectors including healthcare, finance, logistics, and professional services. The market’s year-round population is bolstered by seasonal residents and tourists, further enhancing retail demand.

The subject property enjoys a hard-corner location with daily traffic counts exceeding 55,000 vehicles. Its strategic placement near major highways, dense residential communities, and retail corridors positions it to capture both commuter and destination traffic. The property’s proximity to schools, hospitals, and grocery-anchored centers ensures consistent consumer activity throughout the day.

Demographics
The property is supported by highly favorable demographics. Within a three-mile radius, the population exceeds 98,000 residents with average household incomes approaching $116,000. Expanding to five miles, the population surpasses 210,000 residents, with household incomes exceeding $110,000. These affluent and growing demographics align perfectly with Wawa’s proven retail model and reputation for quality foodservice and fuel.

Property Details
The property consists of a freestanding Wawa convenience store and fueling station totaling approximately 5,300 square feet on a 2.1-acre parcel. Built to Wawa’s latest prototype standards, the store features a modern design, expansive fuel canopy with multiple fueling stations, and a contemporary interior offering freshly prepared food, beverages, and convenience merchandise.

The site includes ample parking, easy ingress and egress, and outstanding visibility from both traffic directions. Its large parcel size provides long-term flexibility and strong residual value.

Fee simple ownership ensures complete control of the property and land, providing long-term security and stability.

Lease Structure and Tenant Guarantee
The property is secured under a brand-new 15-year absolute triple net (NNN) lease with Wawa, Inc. Under the absolute NNN lease, the tenant is responsible for all expenses, including real estate taxes, insurance, and maintenance, leaving ownership with zero landlord responsibilities.

The lease includes scheduled 10% rental increases every five years, ensuring predictable income growth throughout the 20-year term.

Wawa, Inc. operates more than 1,000 stores across the East Coast and is widely regarded as one of the premier convenience retailers in the nation. Known for its strong brand loyalty, quality prepared foods, and top-tier customer service, Wawa continues to expand aggressively in Florida, making this property part of the company’s long-term growth strategy.

Surrounding Area and Trade Drivers
West Palm Beach and the surrounding region benefit from strong population growth, high household incomes, and a robust tourism base. The subject property is strategically located in a dense retail corridor, surrounded by national tenants including Publix, Target, Home Depot, and major QSR brands. Its placement along a major commuter route ensures a steady flow of daily customers, while the affluent demographics drive higher per-capita sales.

Investment Highlights

• Brand-new 15-year absolute triple net (NNN) lease with Wawa, Inc.
• Fee simple ownership of a 2.1-acre parcel with a 5,300-square-foot state-of-the-art prototype store and fueling station.
• Tenant responsible for all expenses, ensuring a completely passive investment.
• Scheduled 10% rental increases every five years, providing strong income growth.
• Corporate guarantee from Wawa, a highly regarded convenience store and fuel operator with over 1,000 locations.
• Prime West Palm Beach MSA location on a hard corner with daily traffic counts exceeding 55,000 vehicles.
• Strong demographics: more than 98,000 residents within three miles and over 210,000 within five miles, with average household incomes of $110,000+.
• Positioned in one of the fastest-growing and most affluent markets in Florida.
• Ideal for 1031 exchange buyers, REITs, family offices, and institutional investors seeking a long-term passive investment.

Buyer Profile and Financing
This property is ideally suited for 1031 exchange buyers, REITs, private equity firms, and institutional investors seeking a secure, long-term net lease investment. The 20-year absolute NNN structure, corporate guarantee, and fee simple ownership provide excellent lender confidence and highly favorable financing terms.

Conclusion
This Wawa in the West Palm Beach MSA represents a premier net lease investment opportunity. With a brand-new 20-year absolute NNN lease, corporate guarantee, rental escalations, and a prime hard-corner location in one of Florida’s most affluent and fastest-growing markets, the property offers investors secure, predictable income with long-term appreciation potential.

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