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Rare Wawa 8% Bumps on 5's NNN Ground Lease 1 Florida Park Dr S

5,636 SF Retail Building Palm Coast, FL 32137 $10,903,616 CAD ($1,935 CAD/SF) 4.55% Cap Rate

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Investment Highlights

Absolute NNN Ground Lease features zero landlord responsibility
Estimated population of over 88,000 with an estimated average income of more than $112,000 within a five (5)-mile radius

Wawa is situated on 2.51 acres at the SEC of Palm Coast Pkwy NE and Florida Park Dr S which is a signalized intersection.

Executive Summary

RMC is pleased to present this free-standing Wawa located in Palm Coast Florida. This triple net leased investment features a twenty (20)-year ground lease that requires absolutely zero landlord responsibility for operating and capital expenses. The twenty (20)-year lease includes a rare eight percent (8.0%) rent increase every five (5) years commencing in year six (6). The lease term includes six (6) x five (5) year option periods. Wawa is situated on 2.51 acres at the SEC of Palm Coast Pkwy NE and Florida Park Dr S which is a signalized intersection. Wawa has three (3) ingress/egress access points to subject site.