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Wawa - Orlando (Sanford) FL 4660 W State Road 46 6,182 SF 4-Star Retail Building Sanford, FL 32771 $7,059,045 CAD ($1,141.87 CAD/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 2016 Construction | Corporate Guaranteed (Fitch: BBB) | Scheduled Rental Increases | Options to Extend
- Located Along State Highway 46 | Centralized Location | Dense Trade Area | Direct Residential Consumer Base
- Absolute NNN Ground Lease | No State Income Tax | No Landlord Responsibilities | Land Ownership
- Strong Demographics in 5-Mile Trade Area | Affluent Community
EXECUTIVE SUMMARY
• The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,100+ locations
• 11 years remaining with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 5% rental increases every 5 years and at the beginning of each option period
• This Wawa location ranks in the 78th percentile (223 out of 1,027) of all nationwide locations via Placer.ai
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies
• 11 years remaining with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 5% rental increases every 5 years and at the beginning of each option period
• This Wawa location ranks in the 78th percentile (223 out of 1,027) of all nationwide locations via Placer.ai
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
6,182 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
$7,059,045 CAD
Price Per SF
$1,141.87 CAD
Cap Rate
4.75%
NOI
$335,325 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.98 AC
Zoning
Commercial
Parking
50 Spaces (8.09 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 29-19-30-513-0000-0010 | Improvements Assessment | $964,829 CAD |
| Land Assessment | $3,279,047 CAD | Total Assessment | $4,243,876 CAD |
PROPERTY TAXES
Parcel Number
29-19-30-513-0000-0010
Land Assessment
$3,279,047 CAD
Improvements Assessment
$964,829 CAD
Total Assessment
$4,243,876 CAD
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Wawa - Orlando (Sanford) FL | 4660 W State Road 46
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