5200 S Pine Ave - Freestanding FOR SALE


Ocala, FL 34480
$4,950,000 USD
954-302-7365
5200 S Pine Ave, Ocala, FL for Sale
$4,950,000 USD
Freestanding - FOR SALE
1/11
null | 4.75% Cap Rate

5200 S Pine Ave
Ocala, FL 34480


HIGHLIGHTS

  • Brand New Construction | Corporate Guaranteed (Fitch: BBB) | Scheduled Rental Increases | Options to Extend
  • Signalized Hard Corner Intersection | Excellent Visibility | Multiple Points of Access | New Developments
  • Absolute NNN Ground Lease | No State Income Tax | No Landlord Responsibilities | Land Ownership
  • Local Demographics 5-Mile Trade Area | Six-Figure Incomes |Ocala - Growing Population

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 • 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 • Site is on a larger 3.052 AC parcel • Wawa merchandise sales per store averaged $7.1M for the year ended 2024 versus an industry average of $2.7M for 2023 (Source: NACS) • Gasoline sales totaled 3.1 billion gallons for the year 2024, an average of 69,042 gallons sold a week per store, over two times the industry average of 32,726 per store per week in 2023 (Source: NACS) • Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s Largers

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$2,455 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa - Ocala FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

3.05 AC

LAND SF

132,858 SF

ZONING

B5

APN/PARCEL ID

35901-000-00,35901-001-00

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 Policy.