Wawa Ground Lease Corner
For Sale
Contact for pricing
Pending
4429 W Eau Gallie Blvd, Melbourne, FL 32934
Brand new 20-year Wawa ground lease on a signalized corner with traffic exceeding 50,400 vehicles daily.
Property SizeContact for details
Lot Size3.04 Acres
Days on Market149
Property Features for 4429 W Eau Gallie Blvd
General Information
Standard status
Pending
Lot size
3.04 Acres
Property subtype
Retail, Land
Site & Location
Traffic Count
50,400 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
FL Retail Advisors
Listed By:
Brian Capo · License #FL SL3267919
(407) 404-1846
Source:
Crexi
Added: Apr 10
Changed: Sep 2
Last Checked: Sep 5 at 2:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FL Retail Advisors
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present a brand new Wawa ground lease opportunity in Melbourne, Florida. The property is offered subject to a new 20-year ground lease to Wawa Florida, LLC, a wholly owned subsidiary of Wawa, Inc. Rent increases are scheduled at five percent in Year 11 and Year 16 of the base term, with five percent rental increases in each of the six, five-year option terms. The subject property consists of 3.04 acres.
The site is located one block east of Interstate 95 on the signalized hard corner of West Eau Gallie Boulevard and North John Rodes Boulevard. The property provides visibility from both roads, with a combined traffic count of over 50,400 vehicles per day at this intersection as of 2017.
The surrounding area includes owner-occupied housing at 90% within a one mile radius, along with average household incomes over $60,000 within the same one mile radius.
The site is located one block east of Interstate 95 on the signalized hard corner of West Eau Gallie Boulevard and North John Rodes Boulevard. The property provides visibility from both roads, with a combined traffic count of over 50,400 vehicles per day at this intersection as of 2017.
The surrounding area includes owner-occupied housing at 90% within a one mile radius, along with average household incomes over $60,000 within the same one mile radius.
Key Highlights
- Brand new 20‑year Wawa ground lease with Wawa Florida, LLC (wholly owned subsidiary of Wawa, Inc.)
- Five percent rental increases in Year 11 and Year 16 of the base term, plus five percent increases in each of six five‑year option terms
- 3.04‑acre site on the signalized hard corner of W Eau Gallie Blvd and N John Rodes Blvd in Melbourne, FL
Property Analytics
Property Profile
Current Use
Lease Details
50,400 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
115k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 13%
Electronics 2%
Wawa
Shops & Services
55,783 visits/mo
0.3 miles
7-Eleven
Shops & Services
23,818 visits/mo
0.2 miles
RaceTrac
Shops & Services
17,945 visits/mo
0.0 miles
Dunkin' Donuts
Dining
14,998 visits/mo
0.1 miles
AT&T
Electronics
2,459 visits/mo
0.3 miles
Demographics for 32934, FL
18,355
Population
7,987
Households
2.3
Avg Household Size
51
Median Age
42%
College-Educated
94%
High-School Grad
22.9 sq mi
ZIP Area
802
Density / Sq Mi
$102,871
Median Household Income
$51,988
Median Earnings
$1,782
Median Rent
$392,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Brand new 20-year Wawa ground lease on a signalized corner with traffic exceeding 50,400 vehicles daily.
Where is this commercial land located?
The property is located at 4429 W Eau Gallie Blvd Melbourne, FL.
What are key features of this property?
This property features: Brand new 20‑year Wawa ground lease with Wawa Florida, LLC (wholly owned subsidiary of Wawa, Inc.); Five percent rental increases in Year 11 and Year 16 of the base term, plus five percent increases in each of six five‑year option terms; 3.04‑acre site on the signalized hard corner of W Eau Gallie Blvd and N John Rodes Blvd in Melbourne, FL
