This property is a Wawa convenience store located at a highly visible signalized intersection of NW Ridgewood Avenue and US Highway 90, benefiting from approximately 38,000 vehicles per day and multiple access points. The site is supported by a strong local demographic base, with nearly 35,000 residents within a five-mile radius and average household incomes approaching $100,000 within one mile.
The location benefits from proximity to major healthcare employers, including HCA Florida Lake City Hospital and the Lake City VA Medical Center, which together employ more than 1,000 people. The property is also surrounded by prominent national retailers such as Publix, Home Depot, Lowe’s, and Walmart, creating significant cross-shopping traffic.
From an investment perspective, the asset features an absolute NNN ground lease, placing responsibility for maintenance, structural components, and parking areas on the tenant and minimizing landlord obligations. Additionally, projected population and income growth in the surrounding area support the long-term outlook for both the property and the Lake City market.