Farmington Hills, MI — Agree Realty Corporation has been named a Florida development partner for Wawa, Inc. Wawa currently operates more than 590 convenience and fuel stores in Pennsylvania, New Jersey, Delaware, Maryland and Virginia.
Agree Realty has closed on the southwest corner of SR-535 and North Poinciana Blvd. in Osceola County and anticipates immediately commencing construction. In partnership with the company, Wawa has executed a long term ground lease to operate a convenience store with fuel.
Additionally, Agree Realty and Wawa have entered into two additional ground lease agreements on sites in central Florida.
"We are extremely pleased and tremendously excited to partner with Wawa on their expansion into Florida. Their pioneering approach to the convenience store and fuel station experience will offer Floridians additional choices and varieties that they have never had," says Joey Agree, president and COO of Agree Realty. "We look forward to continuing to work with Wawa in acquiring and developing sites to assist in their expansion."
Agree Realty Corporation is primarily engaged in the ownership, development, acquisition and management of single tenant retail properties leased to industry leading retail tenants. Agree Realty owns and operates a portfolio of 85 properties, located in 21 states and containing 3.4 million square feet of leasable space.
For more information, visit www.agreerealty.com.
SOURCE: Agree Realty Corporation