Katz & Associates is pleased to present for sale this brand-new 20-year absolute NNN ground lease with Wawa – one of the most sought after tenants in the single tenant market.
The lease provides for fixed rental increases throughout the entire term including options and is structured as an absolute NNN ground lease providing for no landlord management obligations.
Wawa increased revenue 22% in 2023 pushing them up to the 20th largest private company in the U.S., according to Forbes.
They achieved an annual revenue of $18.23 billion up from $14.93 billion the prior year and $11 billion in 2021.
The company recently revealed plans for “the most aggressive growth” in company history, according to CEO Chris Gheysen, with plans to open as many as 280 new stores over the next decade.