Convenience Store NNN Ground
14650 South US Highway 441 Summerfield, FL 32495
14650 South US Highway 441, Summerfield, FL, 32495
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For Sale
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Brand new 20-year absolute NNN lease to Wawa for a convenience store at a signalized intersection.
Property Size5,915 SF
Price / SF$696.14
Days on Market153
Property Features for 14650 South US Highway 441
General Information
- Standard status
- Active
- Size
- 5,915 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing agency
CBRE - Orlando
(407) 839-3123
Listed by
Raymond Romano · License #FL 3041785
Source
Crexi
Added: Feb 19 Updated: Jul 20 at 7:59PM Checked: Jul 20 at 7:59PM
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 CBRE - Orlando
Investment Insights
Based on property information with market context.
CBRE is pleased to exclusively present a brand new 20-year absolute NNN ground lease with Wawa, a single-tenant convenience store opportunity. The property is offered at approximately 5,915 square feet and features an absolute NNN structure with a long-term term of 20 years.
The location is described as being at a high-traffic signalized intersection just north of The Villages, within a metro area that has been highlighted in the remarks for strong growth.
This offering is positioned as part of Wawa’s planned expansion, with the seller noting the company’s disclosed intent to open as many as 280 new stores over the next decade.
The location is described as being at a high-traffic signalized intersection just north of The Villages, within a metro area that has been highlighted in the remarks for strong growth.
This offering is positioned as part of Wawa’s planned expansion, with the seller noting the company’s disclosed intent to open as many as 280 new stores over the next decade.
Key Highlights
- Year built: 2026
- Brand new 20‑year absolute NNN ground lease to Wawa
- Convenience store lease at a high‑traffic signalized intersection
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $219.3k | $37.08 |
| − Vacancy | −$6.8k | −$1.15 |
| EGI | $212.5k | $35.93 |
| − OpEx | −$63.8k | −$10.78 |
| NOI | $148.8k | $25.15 |
5,915 SF · lease $37.08/SF/yr · vacancy 3.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.13M
$1.86M – $2.48M
NOI $148,770 @ 7.0% cap · market cap 3.61%
Second Best
Specialty Retail
$1.02M
$895.8K – $1.19M
NOI $71,663 @ 7.0% cap · market cap 1.74%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,103 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Brand new 20-year absolute NNN lease to Wawa for a convenience store at a signalized intersection.
Where is this nnn property located?
The property is located at 14650 South US Highway 441 Summerfield, FL.
What is the asking price?
The asking price for this property is $4,117,650.
What are key features of this property?
This property features: Year built: 2026; Brand new 20‑year absolute NNN ground lease to Wawa; Convenience store lease at a high‑traffic signalized intersection
