Listed by North American Development Group
$5,444,444
Wawa Sanford FL
Details
Property Type Retail
Sub Type Gas Station
Square Footage 5,559
Cap Rate 4.5%
NOI $245,000
Occupancy 100%
Tenancy Single
Brand/Tenant Wawa
Lease Type NNN
Lease Term 20
Lease Expiration 10/31/2044
Remaining Term 18.3
Rent Bumps Yes
Lease Options 6
Price per SqFt $979
Year Renovated 2024
Investment Type Net Lease
Lease Commencement 10/31/2024
Occupancy Date 11/01/2024
Ground Lease Yes
New Construction Wawa for Sale, Sanford Florida
Marketing description
Newly built Wawa Absolute NNN with strong long-term yield in Sanford, Florida. Secure a high-volume flagship asset in the 78th percentile of all Wawa sites, positioned in the heart of a rapidly expanding residential trade area
- Institutional Quality Tenant: Leased to Wawa, Inc., a premier national brand with $18B+ in annual revenue.
- Situated at the entrance of King’s Crossing, a brand-new 25-acre shopping center anchored by a 48,000 SF Publix.
- Captive Audience: Directly integrated with NUVO Sanford, a luxury apartment community with 256 units on-site.
- Approximately 9,200 new homes recently developed in the MSA
- Heavily trafficked corridor: SR 46/E Lake Mary Blvd: 36,234 VPD
- Unparalleled density: 109,033 population within 15 min. drive / 1.1M within 30 minutes
- Long-Term Security: Featuring a 20-year primary term ground lease with multiple 5-year options to extend.
- Massive Gas & C-Store Synergy: Includes 16 fueling positions driving constant foot traffic.
- Top-Tier Performance: This specific location sits in the 78th percentile of all Wawa sites nationwide.
Investment highlights
5,559 sf
RENTABLE AREA
1.91 acres
LAND AREA
$245,000
INITIAL GROUND RENT
7% Rent Increase Every 5 Years
RENT SCHEDULE
Listing Contacts
Listed by North American Development Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$245,000.00
$20,416.67/mo
Valuation Metrics
0
DSCR
4.5%
Cap Rate
4.5%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
