Wawa | 3743 Reid St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Wawa 3743 Reid St
6,119 SF Retail Building Palatka, FL 32177 $4,947,000 ($808/SF) 4.75% Cap Rate
Investment Highlights
- Brand New Construction
- Absolute NNN Ground Lease
- Signalized, Hard Corner Intersection
- Local Demographics 5 Mile Trade Area
Executive Summary
• 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
• 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
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,119 SF
Building Class
C
Year Built
2024
Price
$4,947,000
Price Per SF
$808
Cap Rate
4.75%
NOI
$234,983
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
5.06 AC
Zoning
C-2 - Commercial General
Parking
59 Spaces (9.64 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 02-10-26-0000-0020-0010 | Improvements Assessment | $198,940 |
| Land Assessment | $1,860,880 | Total Assessment | $2,059,820 |
PROPERTY TAXES
Parcel Number
02-10-26-0000-0020-0010
Land Assessment
$1,860,880
Improvements Assessment
$198,940
Total Assessment
$2,059,820
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Wawa | 3743 Reid St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.