600 W Burleigh Blvd - Convenience Store FOR SALE


Tavares, FL 32778
$5,494,505 USD
786-522-7013
600 W Burleigh Blvd, Tavares, FL for Sale
$5,494,505 USD
Convenience Store - FOR SALE
1/7
null | 4.55% Cap Rate

600 W Burleigh Blvd
Tavares, FL 32778


HIGHLIGHTS

  • Corporate Guarantee | Investment Grade Tenant | Fitch: BBB
  • Absolute NNN Ground Lease | Zero Landlord Responsibility
  • Explosive Traffic Counts | 83,000 Vehicles Per Day
  • Very Large 1.99 Acre Parcel Situated on a Hard Corner Signalized Intersection | Excellent Intrinsic Value
  • Numerous National Retailers Surround this Wawa Including CVS, Home Depot, Publix, Dollar General and Winn Dixie
  • Located Nearby AdventHealth Waterman Hospital One of the Largest Employers in Tavares

OVERVIEW

Marcus & Millichap is pleased to present for sale this Brand-New Construction Corporate Guaranteed WAWA Store located at 600 West Burleigh Blvd. in Tavares, Florida. Tavares is a city and the county seat of Lake County, Florida (Population 20,968). Tavares is part of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area. Tavares is located 27 miles Northwest of Orlando and 74 miles Northeast of Tampa. This Wawa is situated on a hard corner signalized intersection with more than 83,000 Vehicles Per Day Traffic Counts. Numerous National Retailers surround this Wawa including CVS, The Home Depot, Publix, Dollar General and Winn Dixie. Tavares High School (1,507 Students) and Tavares Middle School (1,070 Students) are located a few minutes from this Wawa. Also nearby is AdventHealth Waterman Hospital which is one of the largest employers in Tavares and just announced a 3 Million Dollar Expansion for inpatient rehabilitation units. This Brand-New Wawa Store was constructed in 2024 and offers a 20- year ground lease with six 5 year options to extend the lease. There are no landlord responsibilities and the tenant pays all CAM, taxes, insurance and maintenance costs. Wawa is a privately held, family-owned company with 200 plus years in American business. Wawa has stores in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Florida, North Carolina, Alabama and Washington, D.C. There are over 1,060 Wawa locations to date which offer hoagies, coffee, breakfast sandwiches, burgers, pizza, soups and snacks.

FOR SALE DETAILS

PRICE

$5,494,505 USD

PRICE/SF

$974 USD /SF

CAP RATE

4.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

C

APN/PARCEL ID

29-19-26-0700-00E-01400

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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