1 Florida Park Dr S - Service Station FOR SALE


Palm Coast, FL 32137
$7,446,809 USD
813-712-3068
1 Florida Park Dr S, Palm Coast, FL for Sale
$7,446,809 USD
Service Station - FOR SALE
1/4
null | 4.7% Cap Rate

1 Florida Park Dr S
Palm Coast, FL 32137


HIGHLIGHTS

  • Absolute NNN Ground Lease features zero landlord responsibility
  • Wawa is situated on 2.51 acres at the SEC of Palm Coast Pkwy NE and Florida Park Dr S which is a signalized intersection.
  • Estimated population of over 88,000 with an estimated average income of more than $112,000 within a five (5)-mile radius

OVERVIEW

RMC is pleased to present this free-standing Wawa located in Palm Coast Florida. This triple net leased investment features a twenty (20)-year ground lease that requires absolutely zero landlord responsibility for operating and capital expenses. The twenty (20)-year lease includes a rare eight percent (8.0%) rent increase every five (5) years commencing in year six (6). The lease term includes six (6) x five (5) year option periods. Wawa is situated on 2.51 acres at the SEC of Palm Coast Pkwy NE and Florida Park Dr S which is a signalized intersection. Wawa has three (3) ingress/egress access points to subject site.

FOR SALE DETAILS

PRICE

$7,446,809 USD

PRICE/SF

$1,321 USD /SF

CAP RATE

4.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare Wawa 8% Bumps on 5's NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.9 AC

LAND SF

126,152 SF

ZONING

COM-2

APN/PARCEL ID

41-11-31-0000-01040-0010

ASK ABOUT THIS PROPERTY

Brandon EgglestonRMC Property GroupMore Info
813-712-3068

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Brandon EgglestonRMC Property GroupMore Info
813-712-3068

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.