Belleview, FL - Wawa

5726 SE Abshier Blvd, Belleview, FL

$4,065,934

Price

4.55%

Cap Rate

$185,000

NOI

Overview
Cap Rate
4.55%
NOI
$185,000
Building Size
6,119 sqft
Occupancy
100%
Year Built
2019
Description

- The lease is corporate guaranteed by Wawa, Inc., an established convenience store and gas brand with over 840 locations
- Brand new 20-year lease with 6 (5-year) options to extend
- The lease features 5% rental increases every 5 years, beginning in Year 11, and at the beginning of each option period
- Grand opening scheduled for 9/26/2019, the state-of-the-art property features a convenience store and gas from 16 premium pumps
- Absolute NNN | Land Ownership | Zero Landlord Responsibilities
- Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
- No landlord responsibilities
- Ideal, management-free investment for an out-of-state, passive investor

- The subject property is located at the signalized, hard corner intersection of SE Abshier Blvd and Country Road 484 with an excess of 42,800 vehicles passing by daily
- New hard corner development that features Starbucks & CVS. Also nearby Publix & Winn-Dixie
- Strong tenant synergy promotes crossover shopping to the subject property
- More than 53,700 residents and 10,000 employees support the trade area
- $60,300 average household income


Location
Gallery