Wawa (Drive-Thru) - Tampa MSA (Largo), FL | 2530 E Bay Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Wawa (Drive-Thru) - Tampa MSA (Largo), FL 2530 E Bay Dr
2,016 SF Retail Building Largo, FL 33771 $4,200,360 CAD ($2,084 CAD/SF) 5% Cap Rate
Investment Highlights
- Brand New 10-Year Lease | Corporate Guaranteed | Investment Grade Tenant | Scheduled 7% Rental Increases
- Winn-Dixie Cross-Access | Excellent Visibility & Ease of Access | Wawa Drive-Thru | Convenience Driven Prototype
- Strong Demographics In 5-mile Trade Area
- Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities | No State Income Tax
- Fronting East Bay Drive | Part of Larger Development | Primary Thoroughfare | Surrounding National/Credit Tenants
Executive Summary
Brand new 10-year lease, corporately guaranteed by Wawa, Inc., an investment grade tenant (Fitch: BBB).
Absolute NNN Ground Lease allowing investors to benefit from fee simple land ownership.
Wawa stands to gain significant advantages with its cross-access to the neighboring Winn-Dixie.
Absolute NNN Ground Lease allowing investors to benefit from fee simple land ownership.
Wawa stands to gain significant advantages with its cross-access to the neighboring Winn-Dixie.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,016 SF
Building Class
B
Year Built
2023
Price
$4,200,360 CAD
Price Per SF
$2,084 CAD
Cap Rate
5%
NOI
$210,018 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.91 AC
Zoning
CG - Commercial General
Parking
14 Spaces (6.94 Spaces per 1,000 SF Leased)
Frontage
147 ft on East Bay Drive
Walk Score®
Very Walkable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 36-29-15-46618-001-0010 | Improvements Assessment | $697,944 CAD |
| Land Assessment | $1,167,725 CAD | Total Assessment | $1,865,669 CAD |
PROPERTY TAXES
Parcel Number
36-29-15-46618-001-0010
Land Assessment
$1,167,725 CAD
Improvements Assessment
$697,944 CAD
Total Assessment
$1,865,669 CAD
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Wawa (Drive-Thru) - Tampa MSA (Largo), FL | 2530 E Bay Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.