For Sale
$4,257,000

1401 Tallahassee HwyBainbridge, GA 39819

Georgia's First Wawa: Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 6,199 square foot Wawa convenience store and gas station in Bainbridge, Georgia. Located on a 2.36-acre lot at the intersection of US-84 and US-27, this property boasts a 20-year absolute NNN ground lease with six, 5-year options, commencing November 13, 2024, and expiring November 29, 2044. The property features a corporate guarantee and a current NOI of $215,000, resulting in a 5.05% cap rate. This is the first Wawa in Georgia, strategically positioned near Walmart, Home Depot, and a new Publix, benefiting from high traffic counts and visibility from a large pylon sign. Bainbridge serves as a bedroom community for Tallahassee and a gateway to Florida Panhandle beaches, further enhancing its appeal. The area is experiencing significant growth, with companies like Anovion Technologies and A-1 Roof Trusses expanding their operations, adding hundreds of jobs. This represents a rare chance to acquire a high-performing asset with a strong tenant and significant long-term growth potential. The property was built in 2024 and enjoys 100% occupancy. The asking price is $4,257,000. This is a ground-up new construction with the tenant's latest prototype, and the grand opening is scheduled for November 14th. The property is less than half a mile from a new Publix anchored development and DR Horton's Southgate (new homes).

Highlights

  • Brand new 6,199 SF Wawa convenience store and gas station on a 2.36-acre lot, with a 20-year absolute NNN ground lease (six 5-year options), starting November 13, 2024. $4,257,000 asking price.
  • First Wawa in Georgia, located at the US-84 and US-27 intersection.
  • Across from a high-traffic Walmart Supercenter.
  • 45-minute drive to Tallahassee and Florida Panhandle beaches; Bainbridge serves as a bedroom community for Tallahassee.
  • Wawa is a top-ranked convenience store chain with over 1,050 stores and $18.87 billion in revenue.
  • Top-rated convenience store nationally for customer satisfaction.

Property Details for 1401 Tallahassee Hwy

Property type
Retail properties, Grocery and convenience stores
Square Feet
6,199 SF
Year Built
2024
Lot Size (sq. ft)
102,802 SF

Location Insight

City
Bainbridge
County
Decatur
State
Georgia
Latitude
30.8893293
Longitude
-84.5648409
1401 Tallahassee Hwy, Bainbridge, Georgia

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1401 Tallahassee Hwy
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