Investment Overview

LOW RENT & PRICE POINT WAWA • This Wawa has a low rent of $189,000 and a price point of $3.6M which is well below the average rent & price point for Wawa. • The average on market rent for Wawa is $255,000 and the average price point is $5.4M. Loxley’s price point is $1.8M below the average. INVESTMENT GRADE (FITCH: BBB) NATIONAL CONVENIENCE STORE TENANT WITH 1,260 LOCATIONS • Wawa has 1,260 stores in 10 states with plans to reach 1,800 stores by 2030. • 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 2025 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. 20 YEAR ABSOLUTE NNN GROUND LEASE WITH 7% RENT 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 maintains all aspects of the premises. • This store is open and rent commenced in May 2026 INTERSTATE LOCATION (55,833 VPD) • The subject property is located off Interstate 10 (55,833 VPD) • Interstate 10 connects Mobile and North Florida to Coastal Alabama. GATEWAY TO THE GULF COAST | ON HWY 59 (24,910 VPD) • The subject property is located at the signalized intersection of Highway 59 (24,910 VPD) and Highway 64 (3,511 VPD). Highway 59 provides direct access to the Gulf Coast. • The AL Gulf Coast is home to multiple popular beaches including Orange Beach which attracts over 8 million tourists annually spending over $7 Billion. • Baldwin County is the fastest growing county in Alabama. The Gulf Shores population alone grew 33.7% between 2019 and 2024, ranking it among the fastest growing markets in the country. COASTAL AL MARKET IN THE MOBILE MSA | FASTEST GROWING COUNTY IN AL • Loxley is located 30 minutes southeast of downtown Mobile and 20 minutes north of Foley, AL. • The 5 mile population growth is 7.67% and the average household income is $95,155. • Foley is a growing town with multiple new retail developments including Publix, Firestone, Chipotle, and more. • Mobile is the 2nd most populous city in AL with over 205,000 residents. • The Port of Mobile is the 12th largest port in the US, handling an excess of 55 million tons of cargo annually and generates 313,000 jobs per year. • Mobile Aeroplex at Brookley is the largest industrial transportation complex in the region with approximately 70 companies and 3,600 employees.