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Wawa 12735 Hillsborough Ave 6,119 SF Retail Building Tampa, FL 33635 $7,693,175 CAD ($1,257.26 CAD/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-new 20-year NNN ground lease - no landlord obligations
- Fixed rental increases throughout the entire lease including options
- Opening June 2025
- Corporate guaranty with Wawa, Inc. – Investment grade credit (Fitch rating: BBB)
- Large efficient parcel at hard corner signalized high traffic intersection
EXECUTIVE SUMMARY
CBRE is pleased to present this brand new 20 year absolute NNN ground lease with Wawa – one of the most sought after tenants in the single tenant market. The property is located in Tampa, FL at a high traffic signalized hard corner with excellent access and exposure. The lease provides for fixed rental increases throughout the entire term including options and is structured as an absolute NNN ground lease providing for no landlord management obligations.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,119 SF
Building Class
B
Year Built
2025
Price
$7,693,175 CAD
Price Per SF
$1,257.26 CAD
Cap Rate
4.50%
NOI
$346,227 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
3.10 AC
Zoning
PD
Parking
54 Spaces (8.82 Spaces per 1,000 SF Leased)
Frontage
258’ on Double Branch Road
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | U-19-28-17-06H-000000-00001.0 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,305,593 CAD | Total Assessment | $2,305,593 CAD |
PROPERTY TAXES
Parcel Number
U-19-28-17-06H-000000-00001.0
Land Assessment
$2,305,593 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,305,593 CAD
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Wawa | 12735 Hillsborough Ave
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