2530 E Bay Dr - Fast Food FOR SALE


Largo, FL 33771
$2,900,000 USD
954-302-7365
2530 E Bay Dr, Largo, FL for Sale
$2,900,000 USD
Fast Food - FOR SALE
1/10
null | 5% Cap Rate

2530 E Bay Dr
Largo, FL 33771


HIGHLIGHTS

  • Brand New 10-Year Lease | Corporate Guaranteed | Investment Grade Tenant | Scheduled 7% Rental Increases
  • Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities | No State Income Tax
  • Winn-Dixie Cross-Access | Excellent Visibility & Ease of Access | Wawa Drive-Thru | Convenience Driven Prototype
  • Fronting East Bay Drive | Part of Larger Development | Primary Thoroughfare | Surrounding National/Credit Tenants
  • Strong Demographics In 5-mile Trade Area

OVERVIEW

Brand new 10-year lease, corporately guaranteed by Wawa, Inc., an investment grade tenant (Fitch: BBB). Absolute NNN Ground Lease allowing investors to benefit from fee simple land ownership. Wawa stands to gain significant advantages with its cross-access to the neighboring Winn-Dixie.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$1,438 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa (Drive-Thru) - Tampa MSA (Largo), FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

CG

APN/PARCEL ID

36-29-15-46618-001-0010

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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