3534 Thomasville Rd - Freestanding FOR SALE


Tallahassee, FL 32309
$6,778,000 USD
954-302-7365
3534 Thomasville Rd, Tallahassee, FL for Sale
$6,778,000 USD
Freestanding - FOR SALE
1/10
null | 4.5% Cap Rate

3534 Thomasville Rd
Tallahassee, FL 32309


HIGHLIGHTS

  • Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
  • Signalized, Hard Corner Intersection | Off Thomasville Rd |Right Off I-10 (70,100 VPD) | Surrounding Retail & Neighborhoods
  • Absolute NNN Ground Lease | Land Ownership | No Landlord Responsibilities | No State Income Tax
  • Demographics 5-Mile Trade Area | High-Growth Metropolitan Area

OVERVIEW

• The lease is guaranteed by Wawa Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,100+ locations • Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site • The ground lease features 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period • 2025 construction which features high quality materials, distinct design elements, and high-level finishes • This is Wawa’s third location in Tallahassee

FOR SALE DETAILS

PRICE

$6,778,000 USD

PRICE/SF

$495 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa - Tallahassee FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

Commercial

APN/PARCEL ID

11-05-20-003-000.0

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.