Wawa Ground Lease | New 20-Year NNN | 7% Increases… — Sale in Pace (Pensacola Msa), FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Property
  • Location: Pace (Pensacola Msa), FL 32571

Photos

Wawa Ground Lease | New 20-Year NNN | 7% Increases… — Sale in Pace (Pensacola Msa), FL, photo 1 of 5
Wawa Ground Lease | New 20-Year NNN | 7% Increases… — Sale in Pace (Pensacola Msa), FL, photo 2 of 5
Wawa Ground Lease | New 20-Year NNN | 7% Increases… — Sale in Pace (Pensacola Msa), FL, photo 3 of 5
Wawa Ground Lease | New 20-Year NNN | 7% Increases… — Sale in Pace (Pensacola Msa), FL, photo 4 of 5
Wawa Ground Lease | New 20-Year NNN | 7% Increases… — Sale in Pace (Pensacola Msa), FL, photo 5 of 5

Investment Figures

Cap rate
4.65%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the Wawa Ground Lease in Pace, Florida. Investment Highlights: • 20-Year Absolute NNN Ground Lease | 7% Increases Every 5 Years • Corporate Guaranty from Wawa, Inc. | "BBB" Investment-Grade Rating by Fitch • Top 5 Fastest-Growing Companies in the U.S | 1,200+ Locations and $18.84 Billion in Annual Revenue • Significant Tenant Capital Investment | Average Cost to Build a New Wawa is Approximately $7.5 Million • Brand New, High-Quality Construction | Large 3.20+/- Acre Parcel • First Wawa Location Approved for Development in Santa Rosa County • Strategically Located in the County's Fastest-Growing Residential and Commercial Corridors • Strong Household Incomes | $113,000+ Within 3 Miles and $109,000+ Within 5 Miles

Market Context

This retail in Pace (Pensacola Msa), FL is listed for sale. It is offered at an approximate 4.7% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Pace (Pensacola Msa), FL — view the full market.

Estimated Price per SF

$36.35/SF – $264.36/SF

Mid: $110.15/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

Contact the listing broker

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Questions to ask the broker

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  • What is the asking price?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?

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