Auto Service - Gas-Conv
Wawa | Brand New 2026 Construction | Brand New 20 Year NNN Ground Lease | Investment Grade Tenant
3100 S Hickory St, Loxley, AL 36551
Listing Price: $3,600,000
Investment Overview
This offering presents a rare opportunity to acquire a brand-new, 2026 construction asset featuring a 20-year absolute NNN ground lease, providing a truly passive investment with zero landlord responsibilities. The property is backed by an investment-grade, corporate-guaranteed lease from Wawa, a nationally recognized operator with over 1,150 locations and a strong BBB credit rating, ensuring long-term income stability and minimal risk.
Strategically positioned along Highway 59 near I-10 in Loxley, Alabama, the site benefits from prime visibility at a signalized intersection within a rapidly expanding Gulf Coast trade area. Baldwin County continues to experience significant population and economic growth, driven by major industrial developments and new retail expansions, supporting strong consumer demand. With proximity to Mobile and Pensacola and continued tourism and residential growth, this location is well-positioned for sustained long-term performance and appreciation.
Wawa | Brand New 2026 Construction | Brand New 20 Year NNN Ground Lease | Investment Grade Tenant
Investment Highlights
- BRAND NEW 2026 CONSTRUCTION: Brand new construction, scheduled for May 2026 delivery
- BRAND NEW 20-YEAR ABSOLUTE NNN GROUND LEASE: Completely passive NNN ground lease structure with zero landlord responsibilities
- INVESTMENT-GRADE TENANT: Corporate guaranteed lease by Wawa, which has 1,150+ locations and a strong Fitch credit rating of BBB
- PRIME RETAIL CORRIDOR: Strategically located along Highway 59 near I-10 at a signalized intersection with strong visibility, access, and traffic driven by both local commuters and Gulf Coast tourism
- RAPIDLY GROWING TRADE AREA: Baldwin County is one of Alabama's fastest-growing regions, with significant population growth, residential development, and expanding retail demand
- MAJOR JOB & INDUSTRIAL GROWTH DRIVERS: Area growth is fueled by major projects including the Port Alabama Industrial Center, new Home Depot, ALDI, and Amazon distribution facilities, bringing 1,000's of new jobs to the area
- HIGH-GROWTH GULF COAST LOCATION: Benefiting from proximity to I-10, Mobile, Pensacola, and sustained population and tourism-driven demand, Loxley is rapidly expanding, the 5 mile population has grown over 29% in the last 10 years, with an expected 7.67% growth over the next 5 years
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
Auto Service - Gas-Conv
Wawa | Brand New 2026 Construction | Brand New 20 Year NNN Ground Lease | Investment Grade Tenant
Listing Price: $3,600,000
Investment Highlights
- BRAND NEW 2026 CONSTRUCTION: Brand new construction, scheduled for May 2026 delivery
- BRAND NEW 20-YEAR ABSOLUTE NNN GROUND LEASE: Completely passive NNN ground lease structure with zero landlord responsibilities
- INVESTMENT-GRADE TENANT: Corporate guaranteed lease by Wawa, which has 1,150+ locations and a strong Fitch credit rating of BBB
- PRIME RETAIL CORRIDOR: Strategically located along Highway 59 near I-10 at a signalized intersection with strong visibility, access, and traffic driven by both local commuters and Gulf Coast tourism
- RAPIDLY GROWING TRADE AREA: Baldwin County is one of Alabama's fastest-growing regions, with significant population growth, residential development, and expanding retail demand
- MAJOR JOB & INDUSTRIAL GROWTH DRIVERS: Area growth is fueled by major projects including the Port Alabama Industrial Center, new Home Depot, ALDI, and Amazon distribution facilities, bringing 1,000's of new jobs to the area
- HIGH-GROWTH GULF COAST LOCATION: Benefiting from proximity to I-10, Mobile, Pensacola, and sustained population and tourism-driven demand, Loxley is rapidly expanding, the 5 mile population has grown over 29% in the last 10 years, with an expected 7.67% growth over the next 5 years
Investment Overview
This offering presents a rare opportunity to acquire a brand-new, 2026 construction asset featuring a 20-year absolute NNN ground lease, providing a truly passive investment with zero landlord responsibilities. The property is backed by an investment-grade, corporate-guaranteed lease from Wawa, a nationally recognized operator with over 1,150 locations and a strong BBB credit rating, ensuring long-term income stability and minimal risk. Strategically positioned along Highway 59 near I-10 in Loxley, Alabama, the site benefits from prime visibility at a signalized intersection within a rapidly expanding Gulf Coast trade area. Baldwin County continues to experience significant population and economic growth, driven by major industrial developments and new retail expansions, supporting strong consumer demand. With proximity to Mobile and Pensacola and continued tourism and residential growth, this location is well-positioned for sustained long-term performance and appreciation.
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
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