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Brand New Wawa in Loxley AL - 20 Yr NNN GL 3100 S Hickory St 6,374 SF Retail Building Loxley, AL 36551 $3,600,000 ($564.79/SF) 5.25% Cap Rate
Investment Highlights
- BRAND NEW 2026 CONSTRUCTION: Brand new construction, scheduled for May 2026 delivery
- INVESTMENT-GRADE TENANT: Corporate guaranteed lease by Wawa, which has 1,150+ locations and a strong Fitch credit rating of BBB
- RAPIDLY GROWING TRADE AREA: Baldwin County is one of Alabama’s fastest-growing regions, with significant population growth
- BRAND NEW 20-YEAR ABSOLUTE NNN GROUND LEASE: Completely passive NNN ground lease structure with zero landlord responsibilities
- PRIME RETAIL CORRIDOR: Strategically located along Highway 59 near I-10 at a signalized intersection with strong visibility, access, and traffic
- HIGH-GROWTH GULF COAST LOCATION: Benefiting from proximity to I-10, Mobile, Pensacola, and sustained population and tourism-driven demand
Executive Summary
This offering presents a rare opportunity to acquire a brand-new, 2026 construction asset featuring a 20-year absolute NNN ground lease, providing a truly passive investment with zero landlord responsibilities. The property is backed by an investment-grade, corporate-guaranteed lease from Wawa, a nationally recognized operator with over 1,150 locations and a strong BBB credit rating, ensuring long-term income stability and minimal risk.
Strategically positioned along Highway 59 near I-10 in Loxley, Alabama, the site benefits from prime visibility at a signalized intersection within a rapidly expanding Gulf Coast trade area. Baldwin County continues to experience significant population and economic growth, driven by major industrial developments and new retail expansions, supporting strong consumer demand. With proximity to Mobile and Pensacola and continued tourism and residential growth, this location is well-positioned for sustained long-term performance and appreciation.
Strategically positioned along Highway 59 near I-10 in Loxley, Alabama, the site benefits from prime visibility at a signalized intersection within a rapidly expanding Gulf Coast trade area. Baldwin County continues to experience significant population and economic growth, driven by major industrial developments and new retail expansions, supporting strong consumer demand. With proximity to Mobile and Pensacola and continued tourism and residential growth, this location is well-positioned for sustained long-term performance and appreciation.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,374 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,600,000
Price Per SF
$564.79
Cap Rate
5.25%
NOI
$189,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.45 AC
Frontage
Amenities
- Signalized Intersection
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Wawa
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Wawa | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 42-05-15-1-000-002.000 | Improvements Assessment | $87,820 |
| Land Assessment | $53,280 | Total Assessment | $141,100 |
Property Taxes
Parcel Number
42-05-15-1-000-002.000
Land Assessment
$53,280
Improvements Assessment
$87,820
Total Assessment
$141,100
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Brand New Wawa in Loxley AL - 20 Yr NNN GL | 3100 S Hickory St
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