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Wawa - Avon Park FL 1598 US 27 N 6,372 SF 4-Star Retail Building Avon Park, FL 33825 $5,333,000 ($836.94/SF) 4.50% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
- Signalized, Four-Way Intersection | Off US 27 & 98 (39,500 VPD) |Wawa - Strong Earnings Report and Continued Growth
- Absolute NNN Ground Lease | Land Ownership |No Landlord Responsibilities
- Regional Traffic Corridor | Limited Convenience Supply
Executive Summary
• The lease is guaranteed by Wawa Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,260 locations
• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 10% rental increases in lease year 11 and 7% every 5 years thereafter including option periods
• Wawa was ranked No. 21 in Forbes 2025 Ranking of America’s largest private companies
• The company is currently in the midst of its “largest expansion ever,” aiming to reach 1,800 stores by 2030
• 2026 construction with high quality materials and distinct design elements
• Large 2.61-acre parcel
• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 10% rental increases in lease year 11 and 7% every 5 years thereafter including option periods
• Wawa was ranked No. 21 in Forbes 2025 Ranking of America’s largest private companies
• The company is currently in the midst of its “largest expansion ever,” aiming to reach 1,800 stores by 2030
• 2026 construction with high quality materials and distinct design elements
• Large 2.61-acre parcel
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
6,372 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$5,333,000
Price Per SF
$836.94
Cap Rate
4.50%
NOI
$240,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.61 AC
Zoning
C-2
Parking
58 Spaces (9.1 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | A-15-33-28-060-00A0-0000 | Improvements Assessment | $383,276 |
| Land Assessment | $456,750 | Total Assessment | $840,026 |
Property Taxes
Parcel Number
A-15-33-28-060-00A0-0000
Land Assessment
$456,750
Improvements Assessment
$383,276
Total Assessment
$840,026
Contacts
-
Kyle Fant -
Patrick Nutt -
Britt Raymond -
William Wamble -
SRS Real Estate Partners
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Wawa - Avon Park FL | 1598 US 27 N
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