Wawa

Wawa Convenience Store Net Lease Investment Opportunity
Pensacola, FL MSA
15-Year Absolute Triple Net Lease | Fee Simple Ownership | Brand-New Construction

This offering presents an outstanding opportunity to acquire a brand-new single-tenant Wawa convenience store and fueling station located in the Pensacola, Florida Metropolitan Statistical Area. Featuring a long-term 15-year absolute triple net (NNN) lease, this property provides stable, management-free income backed by one of the fastest-growing and most successful convenience store operators in the United States. With a prime location, strong demographics, and a corporate-backed lease, this Wawa represents an exceptional investment opportunity in one of Florida’s most dynamic Gulf Coast markets.

Location and Market Overview
The Pensacola MSA, with a population exceeding 500,000, serves as the economic and cultural hub of Florida’s western Panhandle. The area benefits from a diverse economy supported by military bases, healthcare, education, tourism, and a rapidly expanding residential sector. Pensacola is home to Naval Air Station Pensacola, a key military installation, and boasts strong in-migration as more families and retirees relocate to the Gulf Coast for its affordable cost of living and high quality of life.

The subject Wawa occupies a highly visible hard-corner location along a major arterial road with daily traffic counts exceeding 47,000 vehicles. Its strategic positioning ensures excellent visibility and accessibility, with multiple ingress and egress points designed to handle heavy customer volumes. The surrounding area includes Publix, Walmart, Target, and Home Depot, along with several national quick-service restaurants, driving consistent complementary traffic.

Demographics
Within a three-mile radius, the property serves a population exceeding 54,000 residents, with average household incomes of $74,000. Expanding to five miles, the population surpasses 135,000, supported by a healthy mix of residential communities, employment centers, and retail hubs. These strong demographics provide a reliable customer base for Wawa’s established convenience and fuel model.

Property Details
The property features a freestanding Wawa convenience store totaling approximately 6,000 square feet, complemented by a state-of-the-art fueling station with multiple dispensers, situated on a 2.2-acre parcel. Constructed to Wawa’s latest prototype standards, the facility includes a modern interior with a full-service food and beverage program, expansive parking, and optimized site circulation.

Ownership is offered fee simple, granting the investor full control over both the land and improvements, ensuring long-term security and value.

Lease Structure and Tenant Guarantee
The property is secured by a brand-new 15-year absolute triple net (NNN) lease. Under the lease terms, Wawa is responsible for all property expenses, including taxes, insurance, and maintenance, creating a truly passive ownership experience. The lease features 10% rental increases every five years, delivering consistent income growth throughout the term.

Wawa, Inc., founded in 1964, operates over 1,000 convenience store and fueling locations across the East Coast, with Florida serving as one of its fastest-growing markets. Known for its cult-like customer following, strong sales volumes, and high-performing foodservice program, Wawa has become one of the most dominant convenience retailers in the country. Its continued aggressive expansion in Florida positions this property for long-term success.

Surrounding Area and Trade Drivers
The Pensacola MSA benefits from a strong military presence, growing residential communities, and a steady influx of tourists to its Gulf Coast beaches. The subject property’s location near major highways, retail centers, and high-density neighborhoods ensures consistent traffic and robust tenant performance. The area’s combination of military, healthcare, and education employment creates year-round demand for essential retail and fueling services.

Investment Highlights

• Brand-new 15-year absolute triple net (NNN) lease with Wawa, Inc.
• Fee simple ownership of a 2.2-acre parcel with a 6,000-square-foot modern prototype convenience store and fueling station.
• Tenant responsible for all property expenses, offering a 100% passive investment.
• Scheduled 10% rental increases every five years, ensuring predictable income growth.
• Corporate guarantee from Wawa, one of the fastest-growing and most successful convenience retailers in the U.S.
• High-visibility Pensacola MSA location on a hard corner with daily traffic counts exceeding 47,000 vehicles.
• Strong demographics: 54,000+ residents within three miles and 135,000+ within five miles, with household incomes averaging $74,000.
• Surrounded by major national retailers and situated in a thriving retail corridor.
• Ideal for 1031 exchange buyers, REITs, and institutional investors seeking a secure, long-term, management-free investment.

Buyer Profile and Financing
This Wawa property is ideally suited for 1031 exchange buyers, family offices, and institutional investors seeking a secure, long-term net lease investment. The corporate-backed guarantee and absolute NNN lease provide lenders with significant confidence, supporting competitive financing options.

Conclusion
This 15-year Wawa in the Pensacola MSA represents a premier single-tenant net lease investment opportunity. With a long-term absolute NNN lease, scheduled rent escalations, and a prime location in one of Florida’s most desirable Gulf Coast markets, the property delivers secure and predictable income along with strong appreciation potential.

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