Listed by SRS Real Estate Partners Tampa
$5,222,222
Wawa - Lakeland (Haines City) FL
Details
APN 272720000000043010
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,636
Cap Rate 4.5%
NOI $235,000
Occupancy 100%
Tenancy Single
Brand/Tenant Wawa
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 07/31/2046
Remaining Term 20
Rent Bumps Yes
Lease Options 6 (5-Year)
Class A
Year Built 2026
Buildings 1
Acreage 2.650
Zoning Commercial General
Parking Spaces 45 spaces
Parking per 1,000 SqFt 7.98
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/01/2026
Ground Lease Yes
Single Tenant Absolute NNN Ground Lease Investment Opportunity
Marketing description
• The lease is guaranteed by Wawa Inc., an investment grade (Fitch: BBB), nationally recognized, and an 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 6% 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
- Fronting US Hwy 27 | Dense Retail Corridor | New Developments | Surrounding Big Box Retailers | Wawa - Strong Earnings Report and Continued Growth
- Local Demographics In 5-mile Trade Area | Population Growth
Listing Contacts
Listed by SRS Real Estate Partners Tampa
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
$235,000.00
$19,583.33/mo
Valuation Metrics
0
DSCR
4.5%
Cap Rate
4.5%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Name
License
Name
License
Is there information that looks off?
