ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Wawa – Orlando, FL – Ground Lease

14876 Narcoossee Road
Sold

SALE PRICE: $3,000,000
CAP RATE: 4.5%

PROPERTY HIGHLIGHTS:

  • EXCELLENT MARKET LOCATION — Part of the Orlando-Kissimmee-Sanford MSA (26th largest MSA in the U.S., 6th largest in the Southern U.S., & 3rd largest in FL); nearby Orlando International Airport is the 13th busiest in the U.S. & 29th busiest in the world.
  • PRIME RETAIL — New 2016 construction adjacent to new McDonald’s; less than 3 miles from Lake Nona Medical City (650-acre health & life sciences park), Lake Nona Town Center (in-development regional shopping destination) & surrounding residential community.
  • ESTABLISHED, RECOGNIZED TENANT — Wawa owns and runs more than 645 convenience store/gas station locations along the U.S. East Coast.
  • QUALITY INVESTMENT — Corporate ground lease with zero landlord responsibilities and fixed 6% rental increases every 5 years.
  • AFFLUENT TRADE AREA — Over 32.5K people, with an average household income of nearly $93K, within 5 miles of the property; Orlando area tourist attractions and events drew over 62 million visitors in 2014.
  • There are no features available

$3,000,000

5,943 SF

Price:

$3,000,000

Cap Rate:

4.5%

Building Size:

5,943 SF

SF Land Area:

1.31 acres

Current NOI:

$135,000

Lease Type:

Ground

Remaining Term:

Twenty (20) Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
Back to top