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Wawa - Pensacola FL 8550 Davis Hwy 5,915 SF Retail Building Pensacola, FL 32514 $6,696,830 CAD ($1,132.18 CAD/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New Construction | Corporate Guaranteed (Fitch: BBB) | Scheduled Rental Increases | Options to Extend
- Adjacent to HCA Florida West Hospital | Surrounding Retail |4th Location in Escambia County | Off I-10
- Absolute NNN Ground Lease | No State Income Tax | No Landlord Responsibilities | Land Ownership
- Local Demographics 5-Mile Area | Downtown Pensacola
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 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Wawa merchandise sales per store averaged $7.1M for the year ended 2024 versus an industry average of $2.7M for 2023 (Source: NACS)
• Gasoline sales totaled 3.1 billion gallons for the year 2024, an average of 69,042 gallons sold a week per store, over two times the industry average of 32,726 per store per week in 2023 (Source: NACS)
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s Largers
• 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 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Wawa merchandise sales per store averaged $7.1M for the year ended 2024 versus an industry average of $2.7M for 2023 (Source: NACS)
• Gasoline sales totaled 3.1 billion gallons for the year 2024, an average of 69,042 gallons sold a week per store, over two times the industry average of 32,726 per store per week in 2023 (Source: NACS)
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s Largers
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,915 SF
Building Class
B
Year Built
2025
Price
$6,696,830 CAD
Price Per SF
$1,132.18 CAD
Cap Rate
4.50%
NOI
$301,385 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.44 AC
Zoning
COM - Commercial
Parking
71 Spaces (12 Spaces per 1,000 SF Leased)
Frontage
186’ on North Davis Highway
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Security System
- Signage
- Monument Signage
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-1S-30-7106-000-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $472,814 CAD | Total Assessment | $472,814 CAD |
PROPERTY TAXES
Parcel Number
14-1S-30-7106-000-000
Land Assessment
$472,814 CAD
Improvements Assessment
$0 CAD
Total Assessment
$472,814 CAD
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Wawa - Pensacola FL | 8550 Davis Hwy
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