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Wawa - Tallahassee CSA 1401 Tallahassee Hwy

6,199 SF Retail Building Bainbridge, GA 39819 $5,979,723 CAD ($965 CAD/SF) 5.05% Cap Rate

Investment Highlights

  • Brand new 20-Year absolute NNN ground lease with recent grand opening
  • Directly across heavily trafficked Walmart Supercenter (2M+ visits)
  • At intersection of US-84 and US-27 with large 60-foot pylon sign
  • 1st ever Wawa in the state of Georgia and best site in the market
  • Only regional trade area between Tallahassee and Columbus
  • 45-minute drive to FSU in Tallahassee (42,000+ students) and gateway to FL Panhandle beaches

Executive Summary

TSCG is pleased to offer for sale a brand-new 20-year Wawa ground lease in Bainbridge (Tallahassee CSA), GA. This is the first ever Wawa to open in the state of Georgia with a grand opening scheduled for November 14th. Bainbridge is situated 45 minutes northwest of Tallahassee and Florida State University (42,000+ students) and is the only regional trade area between Tallahassee and Columbus, GA. Wawa is strategically located at the intersection of US-84 and US-27 along the main retail stretch surrounded by Walmart (2.1M visits), Home Depot, Publix (under construction), Tractor Supply, Harbor Freight and Chick-fil-A. A large 60-foot pylon sign has great visibility from both major roads.
Bainbridge is a bedroom community for Tallahassee and a notable commuter stop to and from the Florida Panhandle Beaches. Several companies are planning to expand in the Bainbridge area. Taurus USA opened their 200,000 SF corporate headquarters in 2019 which added 300+ employees to Bainbridge. Anovion Technologies is building an $800M facility which is expected to open in 2025 and will employ 400+ workers. A-1 Roof Trusses is in the process of expanding from 100 jobs to 400 jobs.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
6,199 SF
Building Class
C
Year Built
2024
Price
$5,979,723 CAD
Price Per SF
$965 CAD
Cap Rate
5.05%
NOI
$302,006 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
2.36 AC
  • Listing ID: 33923974

  • Date on Market: 2024-11-19

  • Last Updated:

  • Address: 1401 Tallahassee Hwy, Bainbridge, GA 39819

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