Lake Placid, FL - Wawa

611 Dal Hall Boulevard, Lake Placid, FL

$6,422,000

Price

4.5%

Cap Rate

$289,000

NOI

Overview
Cap Rate
4.5%
NOI
$289,000
Building Size
5,636 sqft
Lot Area
2.57 acres
Occupancy
100%
Year Built
2021
Floors
1
Description

• 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 1,030+ locations
• 17 years remaining on an original 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• Publix at South Highland Shopping Center ranks in the 92nd percentile of all Publix nationwide and is the #1 Performing Publix within in a 50-mile radius
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for this site
• Wawa is Strategically located at the signalized, hard corner intersection of U.S. Highway 27 and Dal Hall Blvd, averaging a combined 29,300 vehicles passing by daily

• More than 18,600 residents and 4,600 employees support the trade area
• Features an average household income of $65,452
• The subject property is an outparcel to South Highlands Shopping Center, a modern Publix anchored center with nearby national/credit tenants such as Burger King, Subway, Dollar General, Domino’s, Tractor Supply Co. & more


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Listing ID: a288X000007ZzkNQAS
Location
Gallery