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Wawa - Tallahassee (Woodville) FL 5445 Capital Cir SE 5,915 SF Retail Building Tallahassee, FL 32305 $4,044,000 ($683.69/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 | New Residential Development | Wawa - Strong Earnings Report and Continued Growth
- Absolute NNN Ground Lease | Land Ownership No Landlord Responsibilities | No State Income Tax
- Strong Demographics in 5-mile Trade Area |Tallahassee - High Growth Metropolitan Area
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 1,100+ 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
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies
• 2025 construction with high quality materials and distinct design elements
• 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
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies
• 2025 construction with high quality materials and distinct design elements
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,915 SF
Building Class
B
Year Built
2025
Price
$4,044,000
Price Per SF
$683.69
Cap Rate
4.50%
NOI
$182,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
4.00 AC
Zoning
C-2 - General Commercial
Parking
42 Spaces (7.1 Spaces per 1,000 SF Leased)
Frontage
357’ on Capital Cir
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Signalized Intersection
- Monument Signage
PROPERTY TAXES
| Parcel Number | 31-19-61-000-001.0 | Improvements Assessment | $546,770 |
| Land Assessment | $200,242 | Total Assessment | $747,012 |
PROPERTY TAXES
Parcel Number
31-19-61-000-001.0
Land Assessment
$200,242
Improvements Assessment
$546,770
Total Assessment
$747,012
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Wawa - Tallahassee (Woodville) FL | 5445 Capital Cir SE
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