The absolute NNN leased Wawa property in Florida features significant street frontage and multiple points of ingress/egress. Positioned as an outparcel to the new Ransley Station development, it will be part of The Waters at Ransley Phase 1, Multi-Family Phase 2, Homewood Suites, and will accommodate proposed retail, office, and medical users. Moreover, the site offers direct on/off ramp access to Interstate 10, which experiences 81,500 VPD. It is surrounded by well-known national tenants including Walmart Neighborhood Market, Publix, Wendy’s, Starbucks, and more. The Publix located north of the site ranks in the top 70% of all locations nationwide. Additionally, the property is situated across from Avalon Apartments, comprising 276 units. The 5-mile trade area is supported by a population of 94,280 residents with an average household income of $85,967. Pensacola, located in the westernmost part of the Florida Panhandle, is the largest city in the region. IF you are looking for an absolute NNN lease property in the tax free state of Florida with zero landlord responsibilities…look no further.
Lease Highlights
Brand-new 2024 construction
New 20-year ground lease with 6 (5-year) options to extend
The lease features 7% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease