NWC Hwy 484 & SW 20th Ave - Service Station FOR SALE


Ocala, FL 34473
$4,333,000 USD
954-302-7365
NWC Hwy 484 & SW 20th Ave, Ocala, FL for Sale
$4,333,000 USD
Service Station - FOR SALE
1/11
null | 4.5% Cap Rate

NWC Hwy 484 & SW 20th Ave
Ocala, FL 34473


HIGHLIGHTS

  • Brand New 20-Year Lease | Corporate Signed | 2024 Construction | Scheduled Rental Increases | Established C-Store Operator
  • Absolute NNN Ground Lease | No State Income Tax | No Landlord Responsibilities | Land Ownership
  • Signalized, Hard Corner Intersection | Directly Off I-75 | 4M Square Foot Industrial Complex | High Placer.ai Rankings
  • Local Demographics 5-Mile Trade Area | Ocala - Growing Population

OVERVIEW

• The tenant, Wawa, recently signed a brand new 20-year lease with 6 (5-year) options to extend • The lease is corporate signed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,050+ locations • 2024 construction that features high quality materials, distinct design elements, and high-level finishes • The ground lease features 5% rental increases every 5 years starting in lease year 11, generating NOI and providing a hedge against inflation • • Wawa is situated at the first signalized, hard corner intersection off I-75 (104,500 VPD), in front of a 4,000,000 SF industrial complex (with 1,000,000 SF already completed) • The 69-acre site across the street will feature 320 multi-family units, providing a steady consumer base from which to draw • There are several neighboring properties that are highly ranked according to Placer.ai: • McDonald’s next door ranks in the 98th percentile of all US locations (190 out of 12,547), the Pilot Travel Center ranks in the 87th percentile of all travel centers nationwide, and the Burger King across the street ranks in the 83rd percentile of all fast food & QSR location nationwide

FOR SALE DETAILS

PRICE

$4,333,000 USD

PRICE/SF

$708 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

2.46 AC

LAND SF

107,158 SF

ZONING

B4

APN/PARCEL ID

41200-060-02

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.