Investment Overview

JACKSONVILLE MSA | MOST POPULOUS CITY IN FL (TAX FREE STATE) • The property is located in the Jacksonville MSA, the most populous city in Florida and the largest city by area in the United States. • A significant military and civilian deep-water port, the city’s riverine location supports two United States Navy bases and the Port of Jacksonville, Florida’s third-largest seaport. • In addition to being the home of the NFL Team, the Jacksonville Jaguars, multiple colleges and universities lie within the city’s limits, including Strayer University (52,253 students), the University of North Florida (16,295 Students), and Florida State College at Jacksonville (20,363 students) ACROSS FROM WALMART SUPERCENTER & LOCATED ON DIRECT ACCESS ROAD TO A 2,000 AC FUTURE MIXED USE DEVELOPMENT • The subject property is positioned across from a Walmart Supercenter with multiple outparcels including Starbucks, Dunkin, T-Mobile, and more. • A 2,000 Acre mixed use development, LaBeuna Farms, is planned near this Wawa between US 90 and I nterstate 10 that includes a mixed-used residential, commercial, and industrial development with thousands of new homes and the businesses and infrastructure to serve them. (Link to Article) • There will be First-class Retail, Restaurants, Hotels, Office/Conference Venues and Residential components to meet current market demands, but more importantly to support the jobs this development will create (estimated to be over 10,000). (Link to Article) • An access road to this development will be created at the intersection this Wawa is positioned on and will run north-east through LaBuena Farms. SIGNALIZED INTERSECTION (13,000 VPD) | DIRECTLY OFF INTERSTATE 10 (41,500 VPD) • This Wawa is located at a signalized intersection on Highway 228 (13,000 VPD), directly off an Interstate 10 exit (41,500 VPD) • Interstate 10 is the primary gateway to Jacksonville and the southeast that connects the east and west Florida panhandle. 20 YEAR ABSOLUTE NNN GROUND LEASE WITH RENTAL INCREASES • Brand new 20 year ground lease corporately guaranteed by Wawa Inc. • 7% rent increases every 5 years beginning in year 11 and in each of the six – 5 year options. • Absolute NNN ground lease with 100% no landlord responsibilities. • Tenant pays for roof, structure, parking lot, common area, taxes, insurance, and utilities and main tains all aspects of the premises. • This store is currently under construction and is s cheduled to open in July 2026. INVESTMENT GRADE (FITCH: BBB) NATIONAL CONVENIENCE STORE TENANT WITH 1,175 LOCATIONS • Wawa has 1,175 stores in 10 states with plans to reach 1,800 stores by 2030. • Wawa has over 300 stores in Florida, making it the state with the most locations. • According to Forbes, Wawa ranked #22 of America’s Largest Private Companies in 2024 and #16 on its Customer Experience All-Stars List in 2025. • Wawa generated $18.64 Billion in revenue in 2024 which is an increase of nearly $8 Billion from its revenue in 2021. • Wawa was founded in 1964, has 42,000 employees and is headquartered in Wawa, PA.