- 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 1,030+ locations
- 17 years remaining on an original 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
- Publix at South Highland Shopping Center ranks in the 92nd percentile of all Publix nationwide and is the #1 Performing Publix within in a 50-mile radius
- Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for this site
- Wawa is Strategically located at the signalized, hard corner intersection of U.S. Highway 27 and Dal Hall Blvd, averaging a combined 29,300 vehicles passing by daily
Investment Offering
Lake Placid, FL - Wawa
611 Dal Hall Boulevard | Lake Placid, FL 33852
$6,422,000
Price4.5%
Cap Rate$289,000
NOI2021
Year Built100%
Occupancy5,636
± SF Offering GLA2.57
± AC Land AreaDescription
Location
- More than 18,600 residents and 4,600 employees support the trade area
- Features an average household income of $65,452
- The subject property is an outparcel to South Highlands Shopping Center, a modern Publix anchored center with nearby national/credit tenants such as Burger King, Subway, Dollar General, Domino’s, Tractor Supply Co. & more
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739