5445 Capital Cir SE - Convenience Store FOR SALE


Tallahassee, FL 32305- South Tallahassee
$4,044,000 USD
954-302-7365
5445 Capital Cir SE, Tallahassee, FL for Sale
$4,044,000 USD
Convenience Store - FOR SALE
1/12
null | 4.5% Cap Rate

5445 Capital Cir SE
Tallahassee, FL 32305
South 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 | No State Income Tax
  • Signalized Four-Way Intersection | New Residential Development | Wawa - Strong Earnings Report and Continued Growth
  • Strong Demographics in 5-mile Trade Area |Tallahassee - High Growth Metropolitan 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 1,100+ 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 • Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies • 2025 construction with high quality materials and distinct design elements

FOR SALE DETAILS

PRICE

$4,044,000 USD

PRICE/SF

$1,531 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa - Tallahassee (Woodville) FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

C-2

APN/PARCEL ID

31-19-61-000-001.0

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.