Orange Park, FL - Wawa
$4,358,000
678 Blanding Boulevard, Orange Park, FL 32073
4.75
Cap Rate
207,000
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 1,080+ locations
• 11 years remaining 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 is located at the signalized intersection of Blanding Blvd and Filmore St averaging 74,500 VPD
• Blanding Blvd is a primary retail thoroughfare serving Orange Park that features national retailers such as Ross, Publix, Planet Fitness, Walmart Supercenter, and more
• 20 miles South of Jacksonville
• Across from Bolton Plaza, an Academy Sports-anchored shopping center that ranks in the 78th percentile (8,721 out of 39,924) of all nationwide shopping centers according to Placer.ai
• Just South of Orange Park High School, providing a steady consumer base from which to draw
Location

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