Wawa Ground Lease
Single-Tenant Offerings
Wawa Ground Lease
743 S Walnut Street
Starke (Southwest of Jacksonville), FL
- Price:
- $4,804,000
- Cap Rate:
- 4.85%
- NOI:
- $233,000
- Rentable SQFT:
- 6,119 SF
- Year Built:
- 2025
- Lot Size:
- 2.52 +/- Acres
- Lease Type:
- Absolute NNN Ground Lease
- Status:
- Available
Investment Highlights
- 20-Year Absolute NNN Ground Lease with Zero Landlord Responsibilities
- Corporate Guaranty by Wawa, Inc.(“BBB” Investment-Grade Rating by Fitch)
- Wawa Operates 1,105+ Locations with $18.84 Billion in Revenue, Top 5 Fastest-Growing Companies in the U.S.
- Open 24-Hours/Day, Wawa Serves 1+ Billion Customers/Year
- Ranked #22 on Forbes’ List of America’s Largest Private Companies in 2024
- 7% Rental Increases Every 5 Years Beginning in Year 11
- Significant Capital Investment by Tenant, Average Cost to Build a Wawa is Approximately $7.5 Million
- Average Unit-Level Sales for Wawa Exceed $13,000,000, Equates to a 1.8% Rent-to-Sales Ratio at This Location
- Wawa Locations Estimated to Make an Average of $520,000 in Earnings (EBITDA) Annually
- Brand New High-Quality Construction on Large 2.52-Acre Parcel
- Strategic Location with Competition Void, Nearest Wawa and 7/Eleven is Over 24 Miles Away
- Serving Over 28,000 Residents in Growing Bradford County, 46 Miles Southwest of Jacksonville
- Neighboring Tenants Include Walmart Supercenter, Winn-Dixie, Aldi, Tractor Supply, TJ Maxx, CVS, Walgreens, McDonald’s, and Many More
- Hard Corner Location at Signalized Intersection, Excellent Access and Exposure
- Close Proximity to HCA Florida Starke Emergency and Medical Center
- Northwest of the University of Florida with 61,700+ Students and 32,000+ Employees
- Minutes to Camp Blanding, One of the Largest Military Training Bases in the U.S.
- Tax-Free State, No State Income Tax in Florida
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