ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Wawa – Ground Lease – Palm Bay, FL

Malabar Road & Emerson Drive

Asking Price: $5,888,888
Cap Rate: 4.50%

INVESTMENT HIGHLIGHTS:

  • Growing trade area: One hour southeast of Orlando and midway between Jacksonville and Miami, Palm Bay is a thriving, business-friendly city with a high-tech, educated workforce. The community has a blend of new and established business clusters, competitive incentives, and a stable tax structure.
  • Easily accessible location: The Property is positioned off Interstate 95 in close proximity to Palm Bay Hospital and is located at the signalized intersection of Malabar Road and Emerson Drive (39,200 VPD combined).
  • Quality, long-term investment: This long-term lease (20 years) features five (5) percent increases every five (5) years starting in Year 11 and within each of the six (6) five-year options to extend. There are no landlord responsibilities.
  • There are no features available

$5,888,888

6,119 SF

Price:

$5,888,888

Cap Rate:

4.50%

Property Type:

Retail

Building Size:

6,119 SF

Acres Property Use:

2.20 AC

Current NOI:

$265,000

Lease Type:

Ground

Remaining Term:

20 Years

Status:

Active

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
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