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Wawa (GL)
8300 Southwest 100th Street, Ocala, FL 34481
$3,700,000
Cap Rate 4.46%
Summary
| Price $3,700,000 | Built/Renov 2023 | Tenant Wawa (GL) |
| Cap Rate 4.46% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
6,119
| Lease Start
10-12-2023
| #Units
950
|
| Price/SF $604.67 | Expiration
10-30-2043
| Tenant Type Convenience/Gas |
| NOI $165,000 | R. Term 19.10 | Ownership Ground Lease |
| Rent/SF
$26.97
| Increases 7.0%/11/yrs | Pop 5Mi 57,035 |
| Lot/AC 2.35 | Options 6/5yrs/7% | AHHI 5Mi $80,664 |
| | |
Lease Highlights
- Brand-new 2023 construction
- Wawa recently signed a new 20-year lease with 6 (5-year) options to extend
- Lease features a 7% rental increase every 5 years beginning in year 11 and throughout each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guarantee by Wawa, Inc.
Location Description
This brand-new Wawa is conveniently located at the hard, signalized corner of southwest 100th Street & State Hwy 200 (42,000 VPD). State Hwy 200 provides direct access to Interstate 75 which sees an estimated 74,600 vehicles per day. The property will benefit from having two points of entrance, with excellent visibility and access. Within 1.5 miles, there are many national retailers, including...
...Features
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New construction
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Hard corner intersection
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Near major nationals
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Highway location
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Major MSA
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Income tax free state
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Brand new lease
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Accelerated depreciation
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Corporate Guarantee
-
Over 500 units backed
...
Maps
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,747 | 43,418 | 76,243 |
| 2023 Total Population : | 5,498 | 33,437 | 57,035 |
| 2023 Employed Civilian Pop : | 1,374 | 7,921 | 16,906 |
| 2023 Total Businesses : | 250 | 603 | 1,038 |
| 2023 Average Household Income : | $ 70,217 | $ 76,022 | $ 80,664 |
| 2023 Total Consumer Spending : | $ 193 M | $ 1169 M | $ 1927 M |
| 2023 Median Age : | 75 | 71 | 67 |
| 2023 Total Households : | 3,154 | 17,660 | 27,449 |
| 2023 Pop Age 25+: Bachelor's Degree : | 950 | 5,910 | 9,858 |
| 2023 Average Home Value : | $ 207,303 | $ 250,503 | $ 262,489 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| SW Hwy 200 | SW 99th StRd | 2008 | 32,500 | 0.10 mi |
| SW 80th Ave | Hwy 200 | 2018 | 35,000 | 0.31 mi |
| SW 95th Cir | 2019 | 42,000 | 0.31 mi | |
| Southwest 80th Avenue | SW 100 St | 2021 | 3,900 | 0.32 mi |
| SW 80th Ave | SW 100 St | 2008 | 2,400 | 0.41 mi |
| FL 200 | SW 103rd Street Rd | 2021 | 31,000 | 0.49 mi |
| SW 103rd Street Rd | SW Hwy 200 | 2008 | 5,900 | 0.52 mi |
| SW 80th Ave | SW 90th St | 2008 | 7,500 | 0.88 mi |
| SW 105th St | SW Hwy 200 | 2008 | 800 | 0.98 mi |
| SW Hwy 200 | SW 93rd StRd | 2008 | 24,900 | 1.06 mi |
