Log In/Sign Up
Your email has been sent.
Wawa – Lakeland (Fort Meade) FL 6 E Broadway St 5,636 SF Retail Building Fort Meade, FL 33841 $4,694,000 ($832.86/SF) 4.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New Construction | Corporate Guaranteed (Fitch: BBB) | Scheduled Rental Increases | Options to Extend
- Signalized Hard Corner Intersection | 10th Polk County Wawa | Surrounding Retailers | Multiple Points of Access
- Absolute NNN Ground Lease | No State Income Tax | No Landlord Responsibilities | Land Ownership
- Demographics 5-mile Trade Area | Proximity to Nearby Cities
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 and at the beginning of each option period
• 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 and at the beginning of each option period
• 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
Property Type
Retail
Property Subtype
Building Size
5,636 SF
Building Class
C
Year Built
2025
Price
$4,694,000
Price Per SF
$832.86
Cap Rate
4.90%
NOI
$230,006
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.32 AC
Opportunity Zone
Yes
Zoning
C-2 - Neighborhood Commercial District
Parking
50 Spaces (8.87 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Corner Lot
- Monument Signage
PROPERTY TAXES
| Parcel Number | 25-31-27-452500-000011 | Improvements Assessment | $0 |
| Land Assessment | $497,280 | Total Assessment | $497,280 |
PROPERTY TAXES
Parcel Number
25-31-27-452500-000011
Land Assessment
$497,280
Improvements Assessment
$0
Total Assessment
$497,280
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Wawa – Lakeland (Fort Meade) FL | 6 E Broadway St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.