Listed by SRS Real Estate Partners Tampa
$6,778,000
Wawa - Tallahassee FL (Thomasville Rd)
Details
APN 11-05-20-003-000-0
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,537
Cap Rate 4.5%
NOI $305,000
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 04/29/2045
Remaining Term 18.9
Rent Bumps Yes
Lease Options 6 (5-Year)
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 1
Stories 1
Acreage 1.690
Zoning Commercial
Parking Spaces 45 spaces
Parking Per SqFt 8.13
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 04/01/2025
Ground Lease Yes
Ownership Leased Fee
Sale Condition 1031 exchange
20 Year Ground Lease | New Construction | Corporate Lease | Fronting Thomasville Rd (55,000 VPD)
Investment highlights
Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
Signalized, Hard Corner Intersection | Off Thomasville Rd |Right Off I-10 (70,100 VPD) | Surrounding Retail & Neighborhoods
Absolute NNN Ground Lease | Land Ownership | No Landlord Responsibilities | No State Income Tax
Demographics 5-Mile Trade Area | High-Growth Metropolitan Area
Listing Contacts
Listed by SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$305,000.00
$25,416.67/mo
Valuation Metrics
0
DSCR
4.5%
Cap Rate
4.5%
ROI
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