4660 W State Road 46 - Convenience Store FOR SALE


Sanford, FL 32771
$5,106,000 USD
954-302-7365
4660 W State Road 46, Sanford, FL for Sale
$5,106,000 USD
Convenience Store - FOR SALE
1/11
null | 4.75% Cap Rate

4660 W State Road 46
Sanford, FL 32771


HIGHLIGHTS

  • 2016 Construction | Corporate Guaranteed (Fitch: BBB) | Scheduled Rental Increases | Options to Extend
  • Absolute NNN Ground Lease | No State Income Tax | No Landlord Responsibilities | Land Ownership
  • Located Along State Highway 46 | Centralized Location | Dense Trade Area | Direct Residential Consumer Base
  • Strong Demographics in 5-Mile Trade Area | Affluent Community

OVERVIEW

• The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,100+ locations • 11 years remaining with 6 (5-year) options to extend, demonstrating their long-term commitment to the site • The ground lease features 5% rental increases every 5 years and at the beginning of each option period • This Wawa location ranks in the 78th percentile (223 out of 1,027) of all nationwide locations via Placer.ai • Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies

FOR SALE DETAILS

PRICE

$5,106,000 USD

PRICE/SF

$1,152 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa - Orlando (Sanford) FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,335 SF

ZONING

Commercial

APN/PARCEL ID

29-19-30-513-0000-0010

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.