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| Price $4,947,000 | Built/Renov 2024 | Tenant Wawa (GL) |
| Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
6,119
| Lease Start
06-01-2024
| #Units
1,050
|
| Price/SF $808.47 | Expiration
06-01-2044
| Tenant Type Convenience/Gas |
| NOI $235,000 | R. Term 19.6 | Ownership Ground Lease |
| Rent/SF
$38.40
| Increases 5.0%/11/yrs | Pop 5Mi 23,323 |
| Lot/AC 4.84 | Options 6/5yrs/5% | AHHI 5Mi $56,918 |
| | |
Wawa is strategically located at the signalized, hard corner intersection of N State Road 19 and Reid Street, with access to a substantial combined daily traffic count of 53,000 vehicles. Nearby retail developments, including Palatka Mall and Town & Country Shopping Center, are notable, with Town & Country Shopping Center ranking in the top 68% of all community shopping centers nationwide and...
...New construction
Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Near major nationals
Income tax free state
Brand new lease
Long 20+ yr lease
Accelerated depreciation
Corporate Guarantee
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 3,009 | 16,920 | 22,918 |
| 2023 Total Population : | 3,069 | 17,336 | 23,323 |
| 2023 Employed Civilian Pop : | 952 | 5,951 | 8,325 |
| 2023 Total Businesses : | 313 | 1,172 | 1,320 |
| 2023 Average Household Income : | $ 44,447 | $ 49,258 | $ 56,918 |
| 2023 Total Consumer Spending : | $ 42 M | $ 302 M | $ 463 M |
| 2023 Median Age : | 36 | 38 | 40 |
| 2023 Total Households : | 1,078 | 6,917 | 9,163 |
| 2023 Pop Age 25+: Bachelor's Degree : | 109 | 714 | 1,252 |
| 2023 Average Home Value : | $ 200,246 | $ 260,409 | $ 267,442 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Hwy 19 N | Reid St | 2005 | 22,000 | 0.04 mi |
| Reid Street | N Palm Ave | 2022 | 19,500 | 0.39 mi |
| Reid Street | Hwy 100 | 2022 | 10,800 | 0.50 mi |
| Carter Rd | 2022 | 8,500 | 0.55 mi | |
| Cobalt St | 2022 | 20,300 | 0.60 mi | |
| Reid St | Fenwick St | 2005 | 21,500 | 0.69 mi |
| Saint Johns Avenue | Hwy 19 N | 2022 | 8,500 | 0.71 mi |
| US Hwy 17 | Reid St | 2005 | 11,000 | 0.76 mi |
| Hwy 17 | 2022 | 19,500 | 0.76 mi | |
| Hwy 17 | 2022 | 9,900 | 0.77 mi |
Sparks, NV
Cap Rate 4.65%
Lease Abs NNN
R. Term 20.30 yrs
Size/SF 5,200
Phillipsburg, NJ
Cap Rate 5.65%
Lease Abs NNN
R. Term 19.80 yrs
Size/SF 5,670
Cranberry Township, PA
Cap Rate 5.25%
Lease Abs NNN
R. Term 13.80 yrs
Size/SF 6,077
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
