Wawa

1033 FL-436, Casselberry, FL 32707

$3,647,059

Cap Rate 4.25%

Views: 98 DOM: 228 Updated: 11.15.24 Posted: 05.08.24 Status: Active

Summary

Price $3,647,059	Built/Renov 2019	Tenant Wawa
Cap Rate 4.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,636	Lease Start 08-01-2019	#Units 1,050
Price/SF $647.10	Expiration 07-31-2039	Tenant Type Convenience/Gas
NOI $155,000	R. Term 14.7	Ownership Fee Simple
Rent/SF $27.50	Increases 7.0%/5/yrs	Pop 5Mi 254,745
Lot/AC 1.72	Options 6/5yrs/7%	AHHI 5Mi $102,519

Sam Wilson

Northmarq

Contact

Lease Highlights

Wawa has 14+ years remaining on the current lease term with 6 (5-year) options to extend
The lease features 7% rental increases every 5 years throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Wawa is strategically located on FL-436, with access to a robust daily traffic count of 63,777 vehicles. The property is situated less than two miles from U.S. Route 17 (52,305 VPD) and less than five miles from the Interstate 4 interchange (141,402 VPD). Over the past 12 months, this location had approximately 963.3K visits, ranking in the top 3% of all gas stations & convenience stores in...

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Key Features

Build to suit
High traffic 50M+ VPD
Dense retail corridor
Top 100 MSA
Strong demographics
Income tax free state
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Corporate Guarantee

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Links

Wawa Wikipedia Wawa Wikipedia Casselberry, Florida Zip Code 32707 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Wawa
Guarantor:Corporate
Company:Wawa, Inc.
# Units:1,050
Stock:Private

About Tenant

Wawa, Inc. is an American chain of convenience stores and gas stations located along the East Coast of the United States, operating in Pennsylvania, New Jersey, Delaware, Maryland, Virginia,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	13,245	99,171	255,813
2023 Total Population :	13,263	99,291	254,745
2023 Employed Civilian Pop :	7,292	54,704	144,444
2023 Total Businesses :	456	4,419	16,597
2023 Average Household Income :	$ 86,130	$ 102,038	$ 102,519
2023 Total Consumer Spending :	$ 439 M	$ 3656 M	$ 9504 M
2023 Median Age :	41	42	41
2023 Total Households :	5,857	41,518	107,182
2023 Pop Age 25+: Bachelor's Degree :	3,073	21,293	53,626
2023 Average Home Value :	$ 347,527	$ 422,662	$ 432,052

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Semoran Blvd	Sausalito Blvd	2012	60,500	0.08 mi
Semoran Blvd	Cassel Creek Blvd	2012	60,918	0.10 mi
Semoran Blvd	Red Bug Lake Rd	2000	50,546	0.24 mi
	Ranier Cove	2022	10,500	0.29 mi
Red Bug Lake Rd	Winding Ridge Rd	2012	34,500	0.31 mi
	Hwy 436	2022	59,000	0.32 mi
S Winter Park Dr	Cannon Way	2012	11,000	0.34 mi
Kewannee Trl	Beacon Hill Ct	2012	3,665	0.36 mi
Semoran Blvd	Lake Howell Rd	2012	52,071	0.38 mi
Red Bug Lake Rd	Mark David Blvd	2012	35,283	0.43 mi

Listing Broker

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