Convenience Store NNN Ground
For Sale
Contact for pricing
14650 South US Highway 441, Summerfield, FL 32495
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 Market96
Property Features for 14650 South US Highway 441
General Information
Standard status
Active
Size
5,915 SF
Class
A
Total Parking Spaces
53
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$175,000
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CBRE - Orlando
Listed By:
Raymond Romano · License #FL 3041785
(407) 808-1657
Source:
Crexi
Added: Jul 18
Changed: Oct 15
Last Checked: Oct 20 at 5:28PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,770
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,975,400
$3.0M
Cap Rate 7%
$2,125,286
$2.1M
Cap Rate 9%
$1,653,000
$1.7M
Market Conditions
NOI Build-Up for 5,915 SF
Gross rent
$219.3K $37.08/SF
− Vacancy
−$6.8K −$1.15/SF
EGI
$212.5K $35.93/SF
− OpEx
−$63.8K −$10.78/SF
NOI
$148.8K $25.15/SF
Area
Marion County, FL
Vacancy
3.10%
Lease Rate
$37.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,975,400
Cap Rate 7%
$2,125,286
Cap Rate 9%
$1,653,000
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
34,708 visits/mo
0.2 miles
Dollar General
Shops & Services
8,842 visits/mo
0.5 miles
Exxon
Shops & Services
7,985 visits/mo
0.1 miles
The Tire Choice
Shops & Services
1,016 visits/mo
0.0 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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
