Wawa (GL)

NWC Southwest Highway 484 & Southwest 20th Avenue Road, Ocala, Florida 34473

$4,333,000

Cap Rate 4.50%

Views: 94 DOM: 198 Updated: 11.04.24 Posted: 06.07.24 Status: Active

Summary

Price $4,333,000	Built/Renov 2024	Tenant Wawa (GL)
Cap Rate 4.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 6,119	Lease Start 06-01-2024	#Units 1,050
Price/SF $708.12	Expiration 06-01-2044	Tenant Type Convenience/Gas
NOI $195,000	R. Term 19.5	Ownership Ground Lease
Rent/SF $31.87	Increases 5.0%/5/yrs	Pop 5Mi 44,228
Lot/AC 2.46	Options 6/5yrs/5%	AHHI 5Mi $87,383

Lease Highlights

Brand new 2024 construction
Brand new 20-year ground lease with 6 (5-year) options to extend
The lease features 5% 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 at the signalized, hard corner intersection of SW Highway 484 & SW 20th Avenue Road, with access to 30,700 vehicles passing by daily. The property is conveniently situated directly in front of a 4,000,000 SF industrial complex, and directly adjacent to a 320 multiunit planned development. Several neighboring properties hold high rankings according to Placer.ai:...

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Key Features

New construction
Signalized intersection
Near major nationals
Freeway close
Major MSA
Income tax free state
Brand new lease
Long 20+ yr lease
Accelerated depreciation
Corporate Guarantee

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Links

Wawa Wikipedia Wawa Wikipedia Ocala, Florida Zip Code 34473 Broker Site Page Drone Video

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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Listing Broker

Patrick Nutt

SRS National Net Lease Group

Contact

262 Listings
30360 Views
93 Sold

William Wamble

SRS National Net Lease Group

Contact

186 Listings
23479 Views
49 Sold

Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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