3743 Reid St - Freestanding FOR SALE


Palatka, FL 32177
$4,947,000 USD
954-703-3602
3743 Reid St, Palatka, FL for Sale
$4,947,000 USD
Freestanding - FOR SALE
1/9
null | 4.75% Cap Rate

3743 Reid St
Palatka, FL 32177


HIGHLIGHTS

  • Brand New Construction
  • Signalized, Hard Corner Intersection
  • Absolute NNN Ground Lease
  • Local Demographics 5 Mile Trade Area

OVERVIEW

• The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,040+ 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 5% rental increases every 5 years starting in lease year 11 and at the beginning of each option period • There are 1,044 Wawa stores in the United States as of January 9, 2024

FOR SALE DETAILS

PRICE

$4,947,000 USD

PRICE/SF

$808 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

5.06 AC

LAND SF

220,357 SF

ZONING

C-2

APN/PARCEL ID

02-10-26-0000-0020-0010

ASK ABOUT THIS PROPERTY

Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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