Sebring, FL- Wawa

3838 US Highway 27 South, Sebring, FL

   SOLD!   

$5,667,000

Price

4.5%

Cap Rate

$255,000

NOI

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Street
Map
Overview
Cap Rate
4.5%
NOI
$255,000
Building Size
6,119 sqft
Lot Area
2.55 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 950+ locations
• 17 Years remaining on the original 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The subject property is directly across from Highlands Regional Medical Center, a 126-bed inpatient & full-service facility
• The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers

• Nearly 46,000 residents and 18,200 employees support the trade area
• Features an average household income of $66,004
• Wawa is Strategically located at the signalized, hard corner intersection of U.S. Highway 27 and South Highlands Avenue, averaging a combined 55,800 vehicles passing by daily
• This site and the Lake Placid site are the first Wawas in Highlands County, targeting new customers in the trade area

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Listing ID: a288X000007ZzkIQAS
Location
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