Wawa Ground Lease
Closed1401 Tallahassee Hwy, Bainbridge, GA 39819
Property type
Retail
Price
$3,575,000
Building size
5,000 sf
Rentable area
5,000 SF
Year built
2024
Year renovated
Occupancy
Zoning code
Lot size
2.75 Acres
Sold/status
Sold · Date unknown
Sale price
$3575000
CAP
6.01%
Net Operating Income
$215,000
Property description
Franklin Street is pleased to present this new construction Wawa ground lease in Bainbridge, Georgia. Bainbridge is located in south Georgia 40 miles from Tallahassee. Bainbridge serves as the economic hub of Southwest Georgia and parts of North Florida, supported by a diverse economy anchored by agriculture, manufacturing, healthcare, and logistics. This location was the first Wawa location opened in the state of Georgia. Wawa is aggressively expanding into Georgia, with plans for over 26 stores in the southern and coastal regions over the next 5–8 years, adding 3–4 stores annually. Of the 5 open stores in Georgia currently, this location ranks #1 for customer visits. Wawa is a beloved Mid-Atlantic convenience store chain famous for its cult-like following, high-quality made-to-order hoagies, and fresh, self-service coffee. Wawa is an investment grade tenant and signed a 20 year lease on this location. The site is conveniently located right off a highway exit and directly across from a Walmart Supercenter servicing a large trade area. The corridor is home to many other daily traffic generators including hotels, grocery stores, and big box retailers.
Property highlights
- ** 2.0% Buyside Brokerage Fee **
- New Construction Wawa Corporate Ground Lease in South Georgia
- 20 Year Primary Term: 18.5 Years Remaining
- Investment Grade Tenant: BBB by Finch
- First Open Wawa Location in the State of Georgia
- Dense Retail Corridor With Major Drivers: Walmart, Home Depot, Publix, Tractor Supply, Among Others
- Growing Concept Across The East Coast: 1,200+ locations
- Oversized Lot: 2.75 Acres with multiple access points for ease of access
- Located Conveniently Off Highway Exit With 19,800 VPD