Wawa - West Palm Beach FL
Fronting Southern Blvd/US-98 (84,100 VPD) | Neighboring 230,000 SF Retail Center
Marketing description
Introducing an unparalleled investment opportunity - 8115 Southern Boulevard in West Palm Beach, Florida! This single-tenant absolute NNN ground lease property boasts a prime location fronting Southern Blvd and located just off FL Turnpike, attracting high traffic volume of 84,100 vehicles per day. Featuring a corporate-guaranteed lease by Wawa Inc., an investment grade tenant with over 1,100 locations nationwide, the property offers a net operating income of $395,000 with a cap rate of 4.40%. With 17+ years remaining on the lease term and 6 (5-year) extension options, this opportunity ensures a stable investment return. Scheduled rental increases throughout the term and a strong tenant guarantee further enhance the investment potential. Don't miss out on this exceptional chance to acquire a premium investment property with a reputable tenant and a lucrative income stream!
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