1801 Capital Cir SE - Convenience Store FOR SALE


Tallahassee, FL 32301- Southeast Tallahassee
$4,111,000 USD
954-302-7365
1801 Capital Cir SE, Tallahassee, FL for Sale
$4,111,000 USD
Convenience Store - FOR SALE
1/10
null | 4.5% Cap Rate

1801 Capital Cir SE
Tallahassee, FL 32301
Southeast Tallahassee


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 | West Noble Ave (18,300 VPD) |Wawa - Strong Earnings Report and Continued Growth
  • Capital Circle Infrastructure Improvements | Strong Development Pipeline
  • Strong Demographics in 5-mile Trade Area

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 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period • 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 2.97-acre parcel

FOR SALE DETAILS

PRICE

$4,111,000 USD

PRICE/SF

$672 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa - Tallahassee FL (Old St Augustine)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

2.97 AC

LAND SF

129,373 SF

ZONING

C-2

APN/PARCEL ID

31-04-20-439-000.0

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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