Listed by SRS Real Estate Partners South Florida, SRS Real Estate Partners Tampa
$4,310,000
Wawa - Orlando FL
Details
APN 23-23-30-6300-01-000
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,615
Units 55
Cap Rate 4.5%
NOI $194,000
Occupancy 100%
Tenancy Single
Brand/Tenant Wawa
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 07/31/2032
Remaining Term 6
Rent Bumps Yes
Lease Options 6 (5-Year)
Class A
Year Built 2012
Acreage 1.890
Zoning Commercial
Parking Spaces 55 spaces
Parking per 1,000 SqFt 9.80
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 07/20/2012
Ground Lease Yes
Sale Condition 1031 exchange
Retail | 4.50% CAP | 5,615 SqFt
Investment highlights
- 6-Years Remaining on Lease | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
- Absolute NNN Ground Lease | Land Ownership | No Landlord Responsibilities
- Signalized, Four-Way Intersection | Explosive Growth Corridor |Wawa - Strong Earnings Report and Continued Growth
- Strong Demographics in 5-mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners South Florida, SRS Real Estate Partners Tampa
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$194,000.00
$16,166.67/mo
Valuation Metrics
0
DSCR
4.5%
Cap Rate
4.5%
ROI
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