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34366157
34366145

919 West State Road 436, Altamonte Springs, FL 32717 For Sale

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$7,858,000
10 days on market
Updated 3 days ago

Wawa Ground Lease

Details
Property Type Retail, Land
Sub Type Convenience Store, Gas Station (+1)
Square Footage 6,119
Cap Rate 4.50%
NOI $286,111
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa (+1)
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 11/04/2035
Remaining Term 9.5
Rent Bumps Yes
Lease Options Six, 5-Year
Price per SqFt $1,284
Broker Co-Op True
Year Built 2015
Acreage 3.970
Zoning Commercial
Parking Spaces 88 spaces
Parking per 1,000 SqFt 14.38
Investment Type Net Lease
Lease Commencement 11/05/2015
Ground Lease Yes

Absolute Net Ground Lease | Long Operating History | Affluent Surrounding Area

Investment highlights

• Absolute net ground lease | Zero landlord responsibilities

• Desirable lease term | 9.5+ years remaining

• Corporate lease | Wawa, Inc. | 1,170 locations across 14 states

• Great visibility from W State Rd 436 | 55,500 VPD

• Located inside of dense retail corridor | 3.9M SF within a 2-mile radius

• Long operating history | Leased since 2015

• Large parcel | 3.97 acres | Potential development opportunity included on the back half of the parcel priced at $1,500,000 | See more on page 6

• Attractive population density within a 5-mile radius | 222,499 residents

• Affluent surrounding area | $101,082 average household income within a 1-mile radius

• 15 minutes from Orlando Health South Seminole Hospital | 210 beds

• 8 miles from Rollins College | 3,000 students

• 2 miles from Lake Brantley High School | 2,815 students

• 25 minutes from Orlando Sanford International Airport | 80 flights per day

• Nearby destination retailers | Walmart Supercenter, Target, Costco, Publix, ALDI, Whole Foods, Sprouts Farmers Market, Winn-Dixie, Lowe’s, Home Depot, Ashely Store, Michaels, Kohl’s, HomeGoods, PetSmart, Total Wine & More, Chick-fil-A, Dunkin’, Wendy’s, Wingstop, Arby’s, Burger King, and more

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$286,111.00
$23,842.58/mo

Valuation Metrics

0
DSCR
3.64%
Cap Rate
3.64%
ROI

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