Listed by SRS Real Estate Partners Tampa
$5,278,000
Wawa - Jacksonville FL
Details
APN 152690-5020
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 6,119
Cap Rate 4.5%
NOI $237,500
Occupancy 100%
Tenancy Single
Brand/Tenant Wawa
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 08/31/2043
Remaining Term 17.2
Rent Bumps Yes
Lease Options 6 (5-Year)
Price per SqFt $863
Broker Co-Op Yes
Class A
Year Built 2023
Buildings 1
Stories 1
Acreage 3.000
Zoning CCG-1 - Community/General Commercial
Parking Spaces 54 spaces
Parking Per SqFt 8.82
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 08/10/2023
Ground Lease Yes
Ownership Ground Lease
Sale Condition 1031 exchange
High-performing Wawa in the heart of Jacksonville with no landlord expense responsibilities
Investment highlights
17+ Years Remaining | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
Absolute NNN Ground Lease | Land Ownership | No Landlord Responsibilities
Signalized, Hard Corner Intersection | Directly Off Interstate 95 | Surrounding New Development | Direct Residential Consumer Base
Strong Demographics in 5-mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$237,500.00
$19,791.67/mo
Valuation Metrics
0
DSCR
4.5%
Cap Rate
4.5%
ROI
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