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30950073
30950074

8115 Southern Blvd, West Palm Beach, FL 33411

PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
WW
FL SL3257920
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Tampa
$8,977,000
24 days on market
Updated 24 days ago
Opportunity zone

Wawa - West Palm Beach FL

Details
APN 00-42-43-32-20-001-0010
Property Type Retail
Sub Type Convenience Store, Gas Station (+1)
Square Footage 5,537
Cap Rate 4.4%
NOI $395,000
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa (+1)
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 01/30/2043
Remaining Term 16.7
Rent Bumps Yes
Lease Options 6 (5-Year)
Broker Co-Op Yes
Class A
Year Built 2023
Buildings 1
Stories 1
Acreage 1.950
Zoning Commercial
Parking Spaces 43 spaces
Parking Per SqFt 7.77
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 01/31/2023
Ground Lease Yes
Ownership Leased Fee
Sale Condition 1031 exchange

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!

Listing Contacts

PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
WW
FL SL3257920
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Tampa

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$395,000.00
$32,916.67/mo

Valuation Metrics

0
DSCR
4.4%
Cap Rate
4.4%
ROI

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Additional Information

Name
Patrick Nutt
License
FL License No. BK3120739
Brokerage
SRS Real Estate Partners-SOFLO LLC
Title
Broker of Record
Name
Patrick Nutt
License
BK3120739
Name
William Wamble
License
SL3257920
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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