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Wawa - Ocala FL 5200 S Pine Ave 6,119 SF Retail Building Ocala, FL 34480 $4,950,000 ($808.96/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New Construction | Corporate Guaranteed (Fitch: BBB) | Scheduled Rental Increases | Options to Extend
- Absolute NNN Ground Lease | No State Income Tax | No Landlord Responsibilities | Land Ownership
- Signalized Hard Corner Intersection | Excellent Visibility | Multiple Points of Access | New Developments
- Local Demographics 5-Mile Trade Area | Six-Figure Incomes |Ocala - Growing Population
EXECUTIVE SUMMARY
• The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,100+ 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 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Site is on a larger 3.052 AC parcel
• Wawa merchandise sales per store averaged $7.1M for the year ended 2024 versus an industry average of $2.7M for 2023 (Source: NACS)
• Gasoline sales totaled 3.1 billion gallons for the year 2024, an average of 69,042 gallons sold a week per store, over two times the industry average of 32,726 per store per week in 2023 (Source: NACS)
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s Largers
• 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 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Site is on a larger 3.052 AC parcel
• Wawa merchandise sales per store averaged $7.1M for the year ended 2024 versus an industry average of $2.7M for 2023 (Source: NACS)
• Gasoline sales totaled 3.1 billion gallons for the year 2024, an average of 69,042 gallons sold a week per store, over two times the industry average of 32,726 per store per week in 2023 (Source: NACS)
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s Largers
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
6,119 SF
Building Class
C
Year Built
2025
Price
$4,950,000
Price Per SF
$808.96
Cap Rate
4.75%
NOI
$235,125
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
3.05 AC
Zoning
B5 - Wholesale Business District
Parking
48 Spaces (7.84 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $532,500 | Total Assessment | $532,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$532,500
Improvements Assessment
$0
Total Assessment
$532,500
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Wawa - Ocala FL | 5200 S Pine Ave
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