4180 Berryhill Rd - Retail FOR SALE


Pace, FL 32571
$4,942,529 USD
631-903-7137
4180 Berryhill Rd, Pace, FL for Sale
$4,942,529 USD
Retail - FOR SALE
1/8
null | 4.35% Cap Rate

4180 Berryhill Rd
Pace, FL 32571


HIGHLIGHTS

  • Brand New 20-Year Corporate Guaranteed Ground Lease with Wawa, Inc. - Absolute NNN Structure – No landlord management obligations
  • Fixed 7% rental increases every 5-years and including option periods
  • Large 3.2±acre parcel situated on a signalized hard corner offering excellent Visibility & Access
  • Located next to a new incoming McDonald’s and Adjacent a brand-new Walmart Neighborhood Market
  • First store location to be proposed by Wawa for Santa Rosa County and the first one Approved for development by the County
  • High-growth suburban market within expanding Pensacola MSA

OVERVIEW

CBRE is pleased to exclusively present a brand new 20-year absolute NNN ground lease with Wawa, one of the most sought-after net-lease tenants. The 6,372± SF property is situated on a 3.2± acre parcel at a signalized hard corner offering exceptional visibility and access, and next door to a new incoming McDonald’s and adjacent to a new Walmart Neighborhood Market. The lease features fixed rental increases throughout the term and provides truly passive ownership with no landlord responsibilities. Wawa demonstrates strong financial performance and an aggressive growth trajectory, reporting a 22% revenue increase in 2023 to $18.23 billion and earning recognition from Forbes as one of the largest private companies in the U.S. Further reinforcing its market position, Wawa has announced plans for its largest expansion to date, targeting up to 700 new locations over the next five years and approximately 1,800 stores nationwide by 2030.

FOR SALE DETAILS

PRICE

$4,942,529 USD

PRICE/SF

$776 USD /SF

CAP RATE

4.35%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa | Brand New 20-Year Absolute NNN GL

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

-

APN/PARCEL ID

282N290000005120000

ASK ABOUT THIS PROPERTY

631-903-7137

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631-903-7137

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