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Wawa: Orlando, FL 13585 S Orange Ave 5,537 SF Retail Building Orlando, FL 32824 $3,660,000 ($661.01/SF) 4.84% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Ground Lease
- Primary Retail & Commercial Corridor
- Planned Renovation
- High Traffic Location with Excellent Access & Visibility
- Thriving Residential with Robust Population Growth
- Orlando MSA (Population 2.83M+)
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the 5,537-square-foot Wawa convenience store and gas station positioned on 1.94 acres in Orlando, FL (MSA Population: 2.83M+). Operating since 2013, Wawa’s absolute NNN ground lease features ±8.1 years of term remaining with a 8% rent increase in 2028 and in each of the six, 5-year renewal options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
5,537 SF
Building Class
C
Year Built
2013
Price
$3,660,000
Price Per SF
$661.01
Cap Rate
4.84%
NOI
$177,293
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.94 AC
Zoning
P-D
Parking
47 Spaces (10.44 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 26-2429-5340-01-000 | Improvements Assessment | $1,916,830 |
| Land Assessment | $977,237 | Total Assessment | $3,501,688 |
PROPERTY TAXES
Parcel Number
26-2429-5340-01-000
Land Assessment
$977,237
Improvements Assessment
$1,916,830
Total Assessment
$3,501,688
CONTACTS
-
Brian Pfohl -
Christopher Bosworth -
Thomas Carr -
Casey Rosen -
Leah Lindell -
Kaitlyn Wolf -
Abby Kelly -
Michael Etemad -
CBRE
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Wawa: Orlando, FL | 13585 S Orange Ave
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