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Wawa Lake Nona Market 2890 Osceola Pkwy 5,372 SF Retail Building Kissimmee, FL 34743 $6,195,000 ($1,153.20/SF) 4.60% Cap Rate
Investment Highlights
- Brand new 20 year lease with Wawa.
- Fixed 10% rental increases throughout the entire lease including options.
- Densely populated high growth market with avg income over $100K.
- Corporate guaranty from Wawa, Inc. Investment grade credit with a Fitch rating of BBB.
- Brand new Wawa prototype with their new mobile fly-thru/drive-thru window.
- Large efficient parcel at high traffic signalized intersection.
Executive Summary
CBRE is pleased to exclusively present a brand-new 20-year absolute NNN Wawa ground lease with a highly sought-after single-tenant, triple-net operator on an efficient 2.24-acre parcel at a high-traffic, signalized intersection in Kissimmee, FL (Orlando Metro) with exceptional visibility and access. The site is directly adjacent to a busy Walmart Neighborhood Market that generates substantial daily traffic and demand. The lease includes fixed rental increases throughout the term and provides truly hands-off ownership with no landlord obligations. The asset benefits from proximity to Lake Nona, a 17-square-mile, master-planned community anchored by Lake Nona Medical City that delivers a strong employment base, innovation and life-science clusters, high-quality schools, extensive recreational and retail amenities, technology-forward infrastructure, and a track record of sustained population and economic growth—factors that support long-term retail demand and premium tenant performance.
The property also benefits from immediate proximity to the forthcoming Hilliard Isle master-planned community, a nearly 900-acre mixed-use development expected to begin construction in early 2026 and planned to deliver up to 3,000 residential units, significant commercial space, a marina on East Lake Tohopekaliga, and large conservation
areas; this new community represents an important future demand generator for neighborhood retail and convenience uses, further enhancing the site’s long-term value and traffic capture.
The property also benefits from immediate proximity to the forthcoming Hilliard Isle master-planned community, a nearly 900-acre mixed-use development expected to begin construction in early 2026 and planned to deliver up to 3,000 residential units, significant commercial space, a marina on East Lake Tohopekaliga, and large conservation
areas; this new community represents an important future demand generator for neighborhood retail and convenience uses, further enhancing the site’s long-term value and traffic capture.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
5,372 SF
Year Built
2026
Construction Status
Under Construction
Price
$6,195,000
Price Per SF
$1,153.20
Cap Rate
4.60%
NOI
$285,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.24 AC
Parking
40 Spaces (7.45 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Wawa
- Retailer
- 5,372 SF
- -
- Triple Net
- Apr 2046
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Wawa | Retailer | 5,372 SF | - | Triple Net | Apr 2046 |
Property Taxes
| Parcel Number | 05-25-30-0000-0101-0000 | Improvements Assessment | $0 |
| Land Assessment | $1,616,100 | Total Assessment | $1,616,100 |
Property Taxes
Parcel Number
05-25-30-0000-0101-0000
Land Assessment
$1,616,100
Improvements Assessment
$0
Total Assessment
$1,616,100
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Wawa Lake Nona Market | 2890 Osceola Pkwy
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