1755 N Blair Stone Rd, Tallahassee, FL 32308 For Sale

Introducing an outstanding investment opportunity in Tallahassee, Florida - the 1755 N Blair Stone Road property. This single-tenant absolute NNN ground lease features a prime location at a signalized, hard corner intersection, with high visibility and traffic flow of 12,400 vehicles per day. The property is leased to Wawa, a nationally recognized and financially secure brand generating $18.6 billion in revenue in 2024. The ground lease is for 20 years with 6 options to extend, showcasing Wawa's long-term commitment. Rental income is set to increase by 7% every 5 years, providing a steady return on investment. With a net operating income of $280,000 and a competitive cap rate of 4.50%, this property offers a secure and lucrative opportunity for investors.