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Wawa - Jacksonville FL 8742 Baymeadows Road 6,119 SF Retail Building Jacksonville, FL 32256 $5,278,000 ($862.56/SF) 4.50% Cap Rate
Investment Highlights
- 17+ Years Remaining | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
- Signalized, Hard Corner Intersection | Directly Off Interstate 95 | Surrounding New Development | Direct Residential Consumer Base
- Absolute NNN Ground Lease | Land Ownership | No Landlord Responsibilities
- Strong Demographics in 5-mile Trade 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 1,260 locations
• 17+ years remaining on the ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 5% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Large 3.01-acre parcel
• 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
• 17+ years remaining on the ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 5% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Large 3.01-acre parcel
• 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
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
2023
Price
$5,278,000
Price Per SF
$862.56
Cap Rate
4.50%
NOI
$237,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
3.01 AC
Zoning
CCG-1 - Commercial/General Commercial
Parking
54 Spaces (8.82 Spaces per 1,000 SF Leased)
Frontage
480’ on Baymeadows Road
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 152690-5020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,480,574 |
Property Taxes
Parcel Number
152690-5020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,480,574
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