8115 Southern Blvd - Convenience Store FOR SALE


West Palm Beach, FL 33411- Outer Royal Palm Beach/Wellington
$8,778,000 USD
954-302-7365
8115 Southern Blvd, West Palm Beach, FL for Sale
$8,778,000 USD
Convenience Store - FOR SALE
1/12
null | 4.5% Cap Rate

8115 Southern Blvd
West Palm Beach, FL 33411
Outer Royal Palm Beach/Wellington


HIGHLIGHTS

  • 17+ Years Remaining of Firm Term | Corporate Guaranteed | Investment Grade Tenant | Scheduled Rental Increases
  • Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities | No State Income Tax
  • Fronting Southern Blvd/US-98 | Directly Off Florida’s Turnpike | Near The Shoppes at Southern Palms | Strong Retail Corridor
  • Adjacent To Burger King | Crossover Synergy | Excellent Visibility & Access
  • Dense Demographics In 5-mile Trade Area | Affluent 1-Mile Radius

OVERVIEW

• The tenant has 17+ years remaining with 6 (5-year) options to extend, demonstrating their long-term commitment to the site • 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 • The ground lease features scheduled rental increases throughout the initial term and each option to extend, increasing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$8,778,000 USD

PRICE/SF

$1,715 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa - West Palm Beach FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,942 SF

ZONING

Commercial

APN/PARCEL ID

00-42-43-32-20-001-0010

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 Policy.