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Wawa | Brand New 20-Year Absolute NNN GL 4180 Berryhill Rd 6,372 SF 100% Leased Retail Building Pace, FL 32571 $4,942,529 ($775.66/SF) 4.35% Cap Rate
Investment Highlights
- Brand New 20-Year Corporate Guaranteed Ground Lease with Wawa, Inc. - Absolute NNN Structure – No landlord management obligations
- Large 3.2±acre parcel situated on a signalized hard corner offering excellent Visibility & Access
- First store location to be proposed by Wawa for Santa Rosa County and the first one Approved for development by the County
- Fixed 7% rental increases every 5-years and including option periods
- Located next to a new incoming McDonald’s and Adjacent a brand-new Walmart Neighborhood Market
- High-growth suburban market within expanding Pensacola MSA
Executive Summary
CBRE is pleased to exclusively present a brand new 20-year absolute NNN ground lease with Wawa, one of the most sought-after net-lease tenants. The 6,372± SF property is situated on a 3.2± acre parcel at a signalized hard corner offering exceptional visibility and access, and next door to a new incoming McDonald’s and adjacent to a new Walmart Neighborhood Market.
The lease features fixed rental increases throughout the term and provides truly passive ownership with no landlord responsibilities. Wawa demonstrates strong financial performance and an aggressive growth trajectory, reporting a 22% revenue increase in 2023 to $18.23 billion and earning recognition from Forbes as one of the largest private companies in the U.S. Further reinforcing its market position, Wawa has announced plans for its largest expansion to date, targeting up to 700 new locations over the next five years and approximately 1,800 stores nationwide by 2030.
The lease features fixed rental increases throughout the term and provides truly passive ownership with no landlord responsibilities. Wawa demonstrates strong financial performance and an aggressive growth trajectory, reporting a 22% revenue increase in 2023 to $18.23 billion and earning recognition from Forbes as one of the largest private companies in the U.S. Further reinforcing its market position, Wawa has announced plans for its largest expansion to date, targeting up to 700 new locations over the next five years and approximately 1,800 stores nationwide by 2030.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Building Size
6,372 SF
Year Built
2026
Construction Status
Under Construction
Price
$4,942,529
Price Per SF
$775.66
Cap Rate
4.35%
NOI
$215,000
Percent Leased
100%
Building Height
1 Story
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Wawa
- -
- -
- -
- Triple Net
- Aug 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Wawa | - | - | - | Triple Net | Aug 2026 |
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
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