1596 N US Highway 27 N - Service Station FOR SALE


Avon Park, FL 33825
$5,333,000 USD
973-632-1386
1596 N US Highway 27 N, Avon Park, FL for Sale
$5,333,000 USD
Service Station - FOR SALE
1/8
null | 4.5% Cap Rate

1596 N US Highway 27 N
Avon Park, FL 33825


HIGHLIGHTS

  • Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
  • Absolute NNN Ground Lease | Land Ownership |No Landlord Responsibilities
  • Signalized, Four-Way Intersection | Off US 27 & 98 (39,500 VPD) |Wawa - Strong Earnings Report and Continued Growth
  • Regional Traffic Corridor | Limited Convenience Supply

OVERVIEW

• The lease is guaranteed by Wawa Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,260 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 10% rental increases in lease year 11 and 7% every 5 years thereafter including option periods • Wawa was ranked No. 21 in Forbes 2025 Ranking of America’s largest private companies • The company is currently in the midst of its “largest expansion ever,” aiming to reach 1,800 stores by 2030 • 2026 construction with high quality materials and distinct design elements • Large 2.61-acre parcel

FOR SALE DETAILS

PRICE

$5,333,000 USD

PRICE/SF

$837 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa - Avon Park FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

2.62 AC

LAND SF

114,012 SF

ZONING

C-2

APN/PARCEL ID

A-15-33-28-060-00A0-0000

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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