1095 Cypress Pky
Poinciana, FL 34759
Wawa · Retail Property For Sale

New corporate ground lease with rental escalations every 5 years. The offering provides an investor with the opportunity to acquire a corporate Wawa on a new 20-year ground lease, with rent commencement scheduled for March, 2018. The lease features 8% rental escalations every 5 years throughout both the base term and option periods, except for year 11, which has a 16% rent increase. The Poinciana Wawa property is situated on the corner of Cypress Parkway and Old Pleasant Hill Road, and is clearly visible from both streets. Cypress Parkway and Old Pleasant Hill Road is a high traffic intersection, and is an ideal location for a fueling station. The subject property is located in the epicenter of Poinciana’s primary retail node. Directly across Cypress Parkway is the Poinciana Towne Center, a Walmart Supercenter anchored center. Other tenants in the shopping center include Hibbett Sports, Aldi and Chase Bank. Other major developments in the immediate vicinity are The Promenade, a Publix anchored neighborhood center, and Solivita Marketplace, a mixed use project anchored by Walgreens, and The Pointe, anchored by Lowe’s Home Improvement. Wawa is in close proximity to Poinciana Medical Center (PMC), a recently constructed hospital that serves the growing healthcare needs of the Poinciana community.