ORLANDO—Wawa hasn't made it down to my neck of the woods yet but if I drive three hours north these stores are everywhere. In fact, Wawa, a next-generation convenience store that is growing by leaps and bounds, is opening 10 new Central Florida stories this year.

Calkain Cos. just brokered the sale of another Wawa. This one is in the Orlando suburb of Sanford, FL. The sale featured a brand new 20-year ground lease with 5% rent increases every five years.

Patrick Nutt, managing partner and Scott Campbell, associate of Calkain's South Florida office, represented the seller. The Sanford deal is Calkain's 15th Wawa property sold in Florida. Nut says, “The sale marks yet another 1031 tax deferred exchange from an East Coast buyer.”