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Wawa - Gainesville (Williston) FL 630 W Noble Ave 6,119 SF Retail Building Williston, FL 32696 $5,270,000 ($861.25/SF) 4.65% 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 | West Noble Ave (18,300 VPD) | Wawa - Strong Earnings Report and Continued Growth
- Strong Demographics in 5-mile Trade Area
- Absolute NNN Ground Lease | Land Ownership | No Landlord Responsibilities
- World Equestrian Center Sport and Retail Expansion
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 8% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• 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 2.94-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 8% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• 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 2.94-acre parcel
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Building Size
6,119 SF
Year Built
2026
Price
$5,270,000
Price Per SF
$861.25
Cap Rate
4.65%
NOI
$245,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.94 AC
Zoning
C2 - Commercial Intensive
Parking
61 Spaces (9.97 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signalized Intersection
- Monument Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 9
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