1518 U.S. Highway 90 - Freestanding FOR SALE


Lake City, FL 32055
$6,105,000 USD
407-808-1657
1518 U.S. Highway 90, Lake City, FL for Sale
$6,105,000 USD
Freestanding - FOR SALE
1/7
null | 4.75% Cap Rate

1518 U.S. Highway 90
Lake City, FL 32055


HIGHLIGHTS

  • Brand New 20-Year lease with Wawa
  • Corporate guaranty from Wawa, Inc. – Investment grade credit with a Fitch rating of ‘BBB’
  • Absolute NNN ground lease – No landlord management obligations
  • Hard corner signalized intersection with excellent visibility & access
  • Large 5.16-acre parcel with 80 parking spaces
  • Florida has NO STATE INCOME TAX

OVERVIEW

CBRE is pleased to exclusively present a brand new 20 year absolute NNN ground lease with Wawa, one of the most highly sought after single tenant net lease tenants. The 5,919 SF building sits on a 5.16 acre parcel at a high traffic, signalized hard corner intersection in Lake City, FL with exceptional visibility and access. The new 20 year absolute NNN lease includes fixed rental increases throughout the term and provides truly hands off ownership with no landlord obligations. The site is located directly on U.S. Highway 90 which generates substantial daily traffic and demand. Additionally, the asset benefits from proximity to I-75, which brings strong daily traffic counts, excellent regional connectivity, and consistent commuter exposure. This prime highway access enhances visibility, supports steady customer flow, and provides convenient ingress and egress for both local residents and through-travelers, making the location ideal for high-volume retail operations such as Wawa. The location is further enhanced by its access to the junction of Interstate 10 (I-10) and I-75, one of the region’s primary transportation corridors which provides exceptional east–west and north–south connectivity.

FOR SALE DETAILS

PRICE

$6,105,000 USD

PRICE/SF

$1,032 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa Lake City

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Fast Food, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

5.16 AC

LAND SF

224,770 SF

ZONING

CI

APN/PARCEL ID

31-3S-17-06185-000

ASK ABOUT THIS PROPERTY

Ray RomanoCBRE, Inc.More Info
407-808-1657

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Ray RomanoCBRE, Inc.More Info
407-808-1657

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.