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Wawa Ground Lease 6522 Bayshore Rd 6,372 SF Retail Building North Fort Myers, FL 33917 $6,501,570 CAD ($1,020.33 CAD/SF) 4.50% Cap Rate
Investment Highlights
- New 20-year absolute NNN ground lease to Wawa, a leading chain of convenience stores and fuel stations that is aggressively expanding its presence.
- Corporate-backed lease by Wawa, Inc., ranked #20 on the Forbes Largest Private Companies List, providing investor confidence in a proven brand.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Wawa plans to add 600+ stores by 2030, totaling 1,800+ locations
Executive Summary
This prime Wawa location offers high visibility at the signalized four-way intersection of SR 78 / Bayshore Road (19,500 AADT) and Coon Road (11,000 AADT), providing excellent access and exposure with combined traffic counts exceeding 30,000 vehicles per day. The property features a brand-new 2026 construction built to Wawa’s latest “fly-thru” prototype, including a 30-second digital pickup lane—one of the first of its kind in Florida. Positioned as an outparcel to a Publix-anchored shopping center at one of its main entrances, the site benefits from strong retail synergy and consistent cross-traffic. Wawa, a well-established and expanding credit tenant, continues to grow beyond its traditional East Coast footprint into the Southeast and beyond, adding long-term stability to the investment. The asset is supported by strong demographics, with a population of over 91,000 within a five-mile radius and average household incomes exceeding $91,000 within one mile. Structured as an absolute NNN ground lease, the property provides a passive investment with no landlord responsibilities, as all maintenance and operational expenses—including roof, structure, and parking, are handled by the tenant. Additionally, projected population and income growth in the surrounding 1-, 3-, and 5-mile trade areas further position this asset for sustained demand in the growing Fort Myers market.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Service Station
Building Size
6,372 SF
Building Class
B
Year Built
2026
Price
$6,501,570 CAD
Price Per SF
$1,020.33 CAD
Cap Rate
4.50%
NOI
$292,571 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.42 AC
Zoning
CPD - Commercial Planned Development (
Parking
53 Spaces (11.18 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 30-43-25-L3-00000.0010 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,452,712 CAD | Total Assessment | $1,452,712 CAD |
Property Taxes
Parcel Number
30-43-25-L3-00000.0010
Land Assessment
$1,452,712 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,452,712 CAD
Contacts
-
Vincent Aicale -
Jack Hinson -
Michael Yuras -
Ryan Forsyth -
Scott Crowle -
Cushman & Wakefield
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Wawa Ground Lease | 6522 Bayshore Rd
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