Listed by CBRE - Atlanta, CBRE Atlanta, CBRE - Miami
$3,345,200
Wawa: Orlando, FL
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,537
Cap Rate 5.3%
NOI $177,293
Occupancy 100%
Tenancy Single
Brand/Tenant Wawa
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 10/31/2033
Remaining Term 7.3
Rent Bumps Yes
Lease Options Six, 5-Year Options
Year Built 2013
Acreage 1.940
Parking Spaces 58 spaces
Parking per 1,000 SqFt 10.47
Investment Type Net Lease
Lease Commencement 10/31/2013
Ground Lease No
Retail | 5.30% CAP | 5,537 SqFt
Marketing description
CBRE is pleased to offer for sale the 5,537-square-foot Wawa convenience store and gas station positioned on 1.94 acres in Orlando, FL (MSA Population: 2.83M+). Operating since 2013, Wawa’s absolute NNN ground lease features ±7.5 years of term remaining with a 8% rent increase in 2028 and in each of the six, 5-year renewal options.
Investment highlights
- Absolute NNN Ground Lease: Operating since 2013, Wawa’s absolute NNN ground lease features ±7.5 years of term remaining with a 8% rent increase in 2028 and in each of the six, 5-year renewal options.
- High Traffic Location with Excellent Access & Visibility: Located less than 12 miles south of downtown Orlando, Wawa is located with excellent access and visibility at the hard-corner, signalized intersection of South Orange Avenue (28,000 VPD) and Town Center Boulevard (22,000 VPD). The property is also within feet of the Central Florida GreeneWay (64,000 VPD) and Florida's Turnpike (112,900 VPD) interchange, serving 176,900 combined vehicles per day.
- Primary Retail & Commercial Corridor: In total, there are 5.6 MSF retail, 6.8 MSF industrial and 9,463 multifamily units within a 3-mile radius of the site.
- Thriving Residential with Robust Population Growth: The area's robust population growth is expected to persist with a projected 9% increase between 2024 to 2029. Additionally, Wawa benefits from a solid built-in consumer base with over 3,100 households within a 1-mile radius. Additionally, several multifamily communities are nearby, including Pinnacle Pointe (268 units), Linden on the Greeneway (234 units) and Courtney Chase Apartments (288 units), to name a few.
Listing Contacts
Listed by CBRE - Atlanta, CBRE Atlanta, CBRE - Miami
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$177,293.00
$14,774.42/mo
Valuation Metrics
0
DSCR
5.3%
Cap Rate
5.3%
ROI
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Zoning
P-D PlannedPlanned Development
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View all 6 uses
View all 6 uses Last updated Jan 28, 2026 For deeper zoning details, reports are available at Zoneomics
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