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31113303
31113304

4660 W State Rd 46, Sanford, FL 32771

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
$5,106,000
80 days on market
Updated 80 days ago

Wawa - Orlando (Sanford) FL

Details
APN 29-19-30-513-0000-0010
Property Type Retail
Sub Type Convenience Store, Gas Station (+1)
Square Footage 6,182
Cap Rate 4.75%
NOI $242,550
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa (+1)
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 11/30/2036
Remaining Term 10.5
Rent Bumps Yes
Lease Options 6 (5-Year)
Broker Co-Op Yes
Class A
Year Built 2016
Buildings 1
Stories 1
Acreage 1.980
Zoning Commercial
Parking Spaces 50 spaces
Parking Per SqFt 8.09
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/03/2016
Ground Lease Yes
Ownership Leased Fee
Sale Condition 1031 exchange

Neighboring Three 200-300+ Multi-Family Complexes | Located Along St. Highway 46 (41,000 VPD)

Marketing description

Introducing an exceptional investment opportunity in Sanford, Florida - 4660 West State Rd. 46. This single-tenant absolute NNN ground lease property boasts a high-traffic location directly off I-4 with impressive visibility (140,000 VPD). The tenant, Wawa, a leading convenience store and gas brand, generated $18.6 billion in revenue in 2024. Featuring a corporate guaranteed lease with 11+ years remaining and scheduled rental increases, this property promises stability and long-term income potential. With 6 (5-year) extension options and a top-performing location ranking in the 78th percentile nationwide, this Wawa site is a lucrative investment. The lease structure includes no landlord responsibilities, making it a hassle-free opportunity for investors.

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
$--
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Annual Cash Flow
$242,550.00
$20,212.50/mo

Valuation Metrics

0
DSCR
4.75%
Cap Rate
4.75%
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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