Bainbridge Retail for Sale
• 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
