1495 Capital CirTallahassee, FL 32303
High-Yield Wawa, 20-Year Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- Brand new, 5,943 SF Wawa convenience store and gas station on a 2.39-acre lot.
- Located at a signalized, hard corner intersection with 44,800 VPD, near I-10 (59,000 VPD) and Tennessee St (31,700 VPD).
- 20-year absolute NNN lease starting October 27, 2024, with 7% rent increases every five years starting year 11, plus six 5-year options.
- Strong NOI of $270,000 and a 4.50% cap rate; asking price $6,000,000.
- First Wawa in Tallahassee, within a high-growth area; 5-mile trade area has over 115,000 residents and 70,000 employees, with an average household income of $62,746.
Property Details for 1495 Capital Cir
- Property type
- Retail properties, Grocery and convenience stores
- Year Built
- 2024
- Lot Size (sq. ft)
- 104,108 SF
Location Insight
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Latitude
- 30.4699579
- Longitude
- -84.3607091
Nearby Similar for Sale
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