35799 US Highway 27 presents the opportunity to acquire a brand-new single-tenant absolute NNN ground lease occupied by Wawa, one of the nation's largest convenience store and fuel retailers. The property is subject to a new 20-year lease with corporate guaranty, providing long-term income backed by an established operator with more than 1,260 locations and a Fitch BBB credit rating. The lease structure is designed for passive ownership, with the tenant responsible for taxes, insurance, maintenance, and operating expenses, while ownership retains the underlying land interest.
The asset is positioned along US Highway 27, a primary commercial corridor serving Haines City and the broader Lakeland-Winter Haven MSA. Traffic counts along US Highway 27 average approximately 76,000 vehicles per day, providing significant visibility and accessibility. The surrounding corridor is supported by national retailers including Walmart Supercenter, ALDI, Winn-Dixie, Dollar General Market, Wendy's, Taco Bell, Burger King, and AutoZone, creating a well-established retail environment.
The location benefits from ongoing residential and commercial development activity. Nearby projects include the planned Crossroads Village Center, a Target-anchored power center, future residential communities, hospitality development, and additional neighborhood retail growth. The property's position between Orlando and Lakeland enhances regional connectivity and access to a growing consumer base.
The lease includes scheduled 6% rent increases every five years beginning in lease year 11 and throughout option periods, offering built-in income growth. Combined with land ownership, long-term tenancy, and a nationally recognized operator, the property offers investors a durable net lease investment in one of Central Florida's expanding retail corridors.