Tallahassee, FL (Woodville) - Wawa
$4,044,000
5445 Capital Cir SW, Tallahassee, FL 32305
4.5
Cap Rate
182,000
NOI
Details:
Description:
            •	The lease is guaranteed by Wawa Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,100+ 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 starting in lease year 11 and at the beginning of each option period
•	Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies
•	2025 construction with high quality materials and distinct design elements
•	Located at the signalized four-way intersection of Capital Circle SW and Woodville Hwy
•	The new townhome development across the street will feature 206 units
•	The DR Horton development just to the South of the subject site will feature 414 lots
•	Large 4.00-acre parcel
•	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)
          
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