Orlando, FL – Wawa 5820 Edgewater Drive, Orlando, FL Cap Rate 4.6% Orlando ( Florida, US ) Built

$5,660,870 MXN
Dollars

BAI-MEX Bienes Raíces y Negocios

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  • Type: Commercial
  • Style: Commercial
  • Size: 6,066 sq. ft.
  • Development Level: Built
  • Lot Size: 2 acres
  • Year Built: 2014

Description

Orlando, FL – Wawa 5820 Edgewater Drive, Orlando, FL Cap Rate 4.6%

Cap Rate: 4.6%
NOI: $260,400
Building Size: 6,066 sqft
Lot Area: 2 acres
Occupancy: 100%
Year Built: 2014

DESCRIPTION
13+ Years Remaining | Investment Grade Tenant | Corporate Guaranteed | Scheduled Rental Increases | Options to Extend
• 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 900+ locations
• More than 13 years remaining on the 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 5% rental increases every 5 years and at the beginning of each option period, generating NOI and hedging against inflation
Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities | No Income Tax State
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Investor benefits from fee-simple ownership of the land
• Ideal management-free investment for a passive investor in a state with no state income tax
Signalized, Hard Corner Intersection | Primary Retail Corridor | Excellent Visibility & Access
• Wawa is strategically located near the signalized, hard corner intersection of Edgewater Drive and Forest City Road, averaging nearly 60,000 vehicles passing by daily
• Edgewater Drive is a primary retail and commuter thoroughfare serving the immediate trade area, providing upside potential from daily commuters
• Nearby national/credit tenants include North Gate Plaza, Family Dollar, AutoZone, Dollar General and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for this site
• The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers
Strong Demographics in 5-mile Trade Area | Population Growth
• More than 268,000 residents and 188,000 employees support the trade area
• Features an average household income of $80,220
• This trade is expected to increase in population by nearly 8% over the next five years

For more information
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
# ID de Propiedad: 358038156
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.