Listed by SRS Real Estate Partners Tampa
$6,300,000
Wawa - Tampa (Riverview) FL
Details
APN U193120ZZZ000003160303
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 6,103
Cap Rate 4.5%
NOI $283,500
Occupancy 100%
Tenancy Single
Brand/Tenant Wawa
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 06/04/2046
Remaining Term 20
Rent Bumps Yes
Lease Options 6 (5-Year)
Year Built 2026
Acreage 2.990
Zoning PD - Planned Development
Parking Spaces 52 spaces
Parking Per SqFt 8.52
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 06/04/2026
Ground Lease Yes
Ownership Fee Simple
Single Tenant Absolute NNN Ground Lease Investment Opportunity
Marketing description
- The lease is guaranteed by Wawa, Inc., an investment-grade tenant (Fitch: BBB), nationally recognized and established convenience store and gas brand with over 1,260 locations
- Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
- The ground lease features 10% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
- Wawa was ranked No. 21 in Forbes 2025 Ranking of America’s largest private companies
- The company is currently in the midst of its “largest expansion ever,” aiming to reach 1,800 stores by 2030
- 2026 construction with high quality materials and distinct design elements
Investment highlights
- Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
- Absolute NNN Ground Lease | Land Ownership | No Landlord Responsibilities
- Signalized, Hard Corner Intersection | Main Retail Trade Area | Off I-75 (154,000 VPD) | New Developments | New Infrastructure
- Strong Demographics In 5-mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$283,500.00
$23,625.00/mo
Valuation Metrics
0
DSCR
4.5%
Cap Rate
4.5%
ROI
Map
Zoning
PD PlannedPlanned Development
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View all 1 uses
View all 1 uses Last updated Mar 23, 2026 For deeper zoning details, reports are available at Zoneomics
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