Wawa
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Michael Jaworski

Senior Advisor

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PROPERTY ADDRESS

8910 Ulmerton Rd., Largo, FL 33771

PROPERTY INFORMATION

Price:
$4,450,000
Cap Rate:
4.61%
Term Remaining:
18 Years
Year Built:
2014
Status:
Available

INVESTMENT HIGHLIGHTS

  • Zero Landlord Responsibilities –Absolute NNN Ground Lease
  • 8% INCREASES EVERY 5 YEARS STARTING IN YEAR 11
  • Outparcel to Walmart Neighborhood Market
  • Florida is a “no state income tax” State
  • Large 1.97 Acre Parcel
  • Hard Corner/ Lighted Intersection
  • In-place community master plan preventing further competition

INVESTMENT SUMMARY

Wawa owns and runs more than 730 Wawa Food Markets in Delaware, Maryland, New Jersey, Pennsylvania, Virginia, and Central Florida. Wawa employs 22,000 associates throughout portions of New Jersey, Pennsylvania, Delaware, Maryland, Virginia and Florida. Wawa is your all day, every day stop for fresh, built-to-order foods, beverages, coffee, fuel services, and surcharge-free ATMs; over 365 stores offer gasoline (many of which also sell diesel). Unlike other c-store chains, Wawa boasts its own dairy (the Wawa Dairy Farm in Delaware County, PA), supplying Wawa stores and some 1,000 hospitals, schools, and other institutions. The company opened its first store in 1964, and, on April 16, 2014, to celebrate its 50th anniversary, Wawa gave away free coffee and launched a nonprofit foundation to donate $50 million to health and hunger initiatives. Most stores are open 24 hours a day, 365 days a year.