$5,940,000 USD
727-452-6864
7408 E Hillsborough Ave
Tampa, FL 33610
Northeast Community
HIGHLIGHTS
- Wawa is on an Absolute NNN ground lease with over 8 years remaining and six (6) 5-year options to extend
- The Wawa lease includes 8% rental increases every 5 years throughout the initial term and at the beginning of each option period
- Located in the state of Florida, this asset provides an ideal management-free investment in a state with no state income tax
- According to Placer.ai, this location is one of the top ranked Wawa’s in the country, ranking in the top 2% of all gas stations nationwide in visits
- The asset is located on E Hillsborough Avenue, a primary thoroughfare in Tampa, FL with an AADT of 44,500
- The property is located 0.25 miles from I-4, the primary interstate in Central Florida, connecting Tampa to Orlando
FOR SALE DETAILS
PRICE
$5,940,000 USD
PRICE/SF
$1,107 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Wawa
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2014
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.97 AC
LAND SF
86,018 SF
ZONING
PD
APN/PARCEL ID
U-35-28-19-1MA-000007-00003.1
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727-452-6864
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727-452-6864
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