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| Price $5,000,000 $5,113,636 | Built/Renov 2024 | Tenant Wawa (GL) |
| Cap Rate 4.40% 4.30% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
6,119
| Lease Start
06-01-2024
| #Units
1,032
|
| Price/SF $817.13 $835.70 | Expiration
05-31-2044
| Tenant Type Convenience/Gas |
| NOI $220,000 | R. Term 19.5 | Ownership Ground Lease |
| Rent/SF
$35.95
| Increases 7.0%/5/yrs | Pop 5Mi 173,421 |
| Lot/AC 2.05 | Options 6/5yrs/7% | AHHI 5Mi $85,946 |
| | |
Wawa is strategically located at the signalized, hard corner intersection of Tallevast Road and US-301, with access to a substantial combined daily traffic count of 49,000 vehicles. The property features a branded convenience store with 12 fuel stations and a Tesla supercharger station. Its surroundings include well-known national retailers such as Publix, Culver’s, Walmart, Walgreens, and...
...New construction
Signalized intersection
Near major nationals
Trophy location
Top 100 MSA
Strong demographics
Income tax free state
Long 20+ yr lease
Accelerated depreciation
Corporate Guarantee
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 1,938 | 57,181 | 173,526 |
| 2023 Total Population : | 1,972 | 58,399 | 174,451 |
| 2023 Employed Civilian Pop : | 947 | 26,260 | 74,922 |
| 2023 Total Businesses : | 327 | 3,602 | 10,636 |
| 2023 Average Household Income : | $ 97,879 | $ 85,210 | $ 85,832 |
| 2023 Total Consumer Spending : | $ 79 M | $ 1817 M | $ 5828 M |
| 2023 Median Age : | 48 | 46 | 50 |
| 2023 Total Households : | 939 | 24,607 | 77,999 |
| 2023 Pop Age 25+: Bachelor's Degree : | 356 | 7,865 | 25,534 |
| 2023 Average Home Value : | $ 325,970 | $ 337,241 | $ 360,325 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Tallevast Road | Alumni Trl | 2022 | 10,000 | 0.53 mi |
| 24th Ct E | 2022 | 39,000 | 0.55 mi | |
| West University Parkway | W University Pkw | 2022 | 14,200 | 0.88 mi |
| Tallevast Rd | Clyde Jones Rd | 2018 | 10,500 | 0.94 mi |
| United States Highway 301 | Whitfield Ave | 2005 | 36,500 | 1.05 mi |
| University Parkway | Desoto Rd | 2022 | 25,500 | 1.06 mi |
| Washington Boulevard | 57th St | 2022 | 40,500 | 1.13 mi |
| Whitfield Avenue | Hwy 301 | 2022 | 7,200 | 1.18 mi |
| Tuttle Avenue | Tallevast Rd | 2022 | 4,400 | 1.28 mi |
| Tallevast Road | Pennsylvania Ave | 2022 | 9,800 | 1.30 mi |
Lakeland, FL
Cap Rate 4.75%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 5,200
Sparks, NV
Cap Rate 4.65%
Lease Abs NNN
R. Term 20.30 yrs
Size/SF 5,200
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
