Property History
Introducing an exceptional investment opportunity in Sanford, Florida - 4660 West State Rd. 46. This single-tenant absolute NNN ground lease property boasts a high-traffic location directly off I-4 with impressive visibility (140,000 VPD). The tenant, Wawa, a leading convenience store and gas brand, generated $18.6 billion in revenue in 2024. Featuring a corporate guaranteed lease with 11+ years remaining and scheduled rental increases, this property promises stability and long-term income potential. With 6 (5-year) extension options and a top-performing location ranking in the 78th percentile nationwide, this Wawa site is a lucrative investment. The lease structure includes no landlord responsibilities, making it a hassle-free opportunity for investors.
Introducing an exceptional investment opportunity in Sanford, Florida - 4660 West State Rd. 46. This single-tenant absolute NNN ground lease property boasts a high-traffic location directly off I-4 with impressive visibility (140,000 VPD). The tenant, Wawa, a leading convenience store and gas brand, generated $18.6 billion in revenue in 2024. Featuring a corporate guaranteed lease with 11+ years remaining and scheduled rental increases, this property promises stability and long-term income potential. With 6 (5-year) extension options and a top-performing location ranking in the 78th percentile nationwide, this Wawa site is a lucrative investment. The lease structure includes no landlord responsibilities, making it a hassle-free opportunity for investors.
2016 Construction | Corporate Guaranteed (Fitch: BBB) | Scheduled Rental Increases | Options to Extend
Absolute NNN Ground Lease | No State Income Tax | No Landlord Responsibilities | Land Ownership
Located Along State Highway 46 | Centralized Location |Dense Trade Area | Direct Residential Consumer Base
Strong Demographics in 5-Mile Trade Area | Affluent Community
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