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Wawa - Bainbridge, GA (Tallahassee MSA) 1401 Tallahassee Hwy 5,000 SF Retail Building Bainbridge, GA 39819 $5,688,374 CAD ($1,137.67 CAD/SF) 5.28% Cap Rate
EXECUTIVE SUMMARY
• The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,100+ locations
• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 5% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal management-free investment
• The subject property is directly across the street from a Walmart Supercenter
• The site is located in a dense retail corridor, with numerous nearby national/credit tenants including Home Depot, Tractor Supply, O’Reilly Auto Parts, Autozone, Anytime Fitness, Dollar General, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Furthermore, the asset is in close proximity to Memorial Hospital and Manor (80 beds), further increasing consumer traffic to the immediate trade area
• Brand new development by DR Horton - Southgate (42 homes) located near This site is located at the intersection of U.S. Hwy 84 & Tallahassee Hwy which combined average 25,100 VPD
• The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers
• More than 24,000 residents and 8,000 employees support the trade area
• Features an average household income of $70,334
• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 5% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal management-free investment
• The subject property is directly across the street from a Walmart Supercenter
• The site is located in a dense retail corridor, with numerous nearby national/credit tenants including Home Depot, Tractor Supply, O’Reilly Auto Parts, Autozone, Anytime Fitness, Dollar General, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Furthermore, the asset is in close proximity to Memorial Hospital and Manor (80 beds), further increasing consumer traffic to the immediate trade area
• Brand new development by DR Horton - Southgate (42 homes) located near This site is located at the intersection of U.S. Hwy 84 & Tallahassee Hwy which combined average 25,100 VPD
• The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers
• More than 24,000 residents and 8,000 employees support the trade area
• Features an average household income of $70,334
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,000 SF
Building Class
C
Year Built
2024
Price
$5,688,374 CAD
Price Per SF
$1,137.67 CAD
Cap Rate
5.28%
NOI
$300,123 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.75 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | B053A-001-000 | Improvements Assessment | $11,888 CAD |
| Land Assessment | $265,225 CAD | Total Assessment | $277,112 CAD |
PROPERTY TAXES
Parcel Number
B053A-001-000
Land Assessment
$265,225 CAD
Improvements Assessment
$11,888 CAD
Total Assessment
$277,112 CAD
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Wawa - Bainbridge, GA (Tallahassee MSA) | 1401 Tallahassee Hwy
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