1495 Capital CirTallahassee, FL 32303

Property Details for 1495 Capital Cir

Year built

1983

Lot size

2.37 AC

Property size (Sq ft)

2,040 SF

Property type

Land

Property subtype

Commercial land

APN

21-20-20-628-000-0

APU

2120206280000

Description

This exceptional investment opportunity presents a brand-new, 5,943 square foot Wawa convenience store and gas station located at 1495 Capital Cir NW, Tallahassee, FL 32303. Boasting a prime location on a signalized, hard corner intersection with high visibility and traffic counts (44,800 VPD combined), this property benefits from its proximity to I-10 (59,000 VPD) and Tennessee St (31,700 VPD). The 2.39-acre lot features a 20-year absolute NNN lease commencing October 27, 2024, and expiring October 31, 2044, with 7% rent bumps every five years beginning in year 11. The property offers a strong NOI of $270,000 and a 4.50% cap rate, representing a compelling return on investment. This is Wawa's first Tallahassee location, situated within a high-growth metropolitan area with a robust demographic profile. The 5-mile trade area boasts over 115,000 residents and 70,000 employees, with an average household income of $62,746. The property's strategic location within a strong industrial corridor and near Capital West Shopping Center (ranking in the 88th percentile nationally) further enhances its appeal. Built in 2024, the property showcases high-quality materials and finishes. The lease includes six 5-year options, and the property is offered as a leased fee with a ground lease in place. This is a rare opportunity to acquire a high-performing asset in a rapidly expanding market. The asking price is $6,000,000.

• Alternative Use

  Use

  Valuation

  Residential

  $316,920

  Hospitality

  $290,297

  Educational

  $241,524

  Medical

  $249,830

  Retail

  $375,704

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4701

Longitude

-84.3604

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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