Wawa NNN Ground
1510 Merchant Blvd, Fleming Island, FL 32003
For Sale
Contact for pricing
The convenience store operates under a 20-year absolute NNN ground lease with six additional five-year options.
Property Size5,915 SF
Price / SF$798.70
Days on Market28
Property Features for 1510 Merchant Blvd
General Information
Standard status
Size
Property subtype
Site & Location
Traffic Count
Highway Access
Road Access
Automotive
Fuel Pumps
Automotive Uses
Convenience Store
Fuel Brand
Tenancy & Operations
In-Place Lease Type
Current Tenants
Building Details
Buildings
Tenancy
Listing Agency:
Alignment Property Advisors
Listed By:
David Annett · License OK #161319
Source:
Crexi
Added: Oct 15
Changed: Nov 10
Last Checked: Nov 10 at 6:32AM
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 Alignment Property Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Wawa convenience store contains 5,915 square feet and offers 8 MPDs with 16 fueling positions, alongside expanded made-to-order food service. Its absolute NNN ground lease begins October 31, 2026, and runs for 20 years. The lease includes 7% increases every five years starting in Year 11, followed by six additional five-year options. Wawa, Inc. guarantees the lease, which assigns no landlord responsibilities.
The property is across from Baptist Medical Center Clay. Fleming Island High School, with 1,765 students, is less than half a mile away. US 17 carries approximately 62,000 vehicles per day past the site.
The property is across from Baptist Medical Center Clay. Fleming Island High School, with 1,765 students, is less than half a mile away. US 17 carries approximately 62,000 vehicles per day past the site.
Key Highlights
- 20‑year absolute NNN ground lease commencing October 31, 2026
- 7% increases every five years beginning in Year 11; six additional five‑year options
- Lease guarantee by Wawa, Inc.; no landlord responsibilities
Property Analytics
Current Use
Lease Details
62,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Explore this area
Business Placement
Demographics for 32003, FL
29,142
Population
11,842
Households
2.5
Avg Household Size
44
Median Age
48%
College-Educated
98%
High-School Grad
15.8 sq mi
ZIP Area
1,844
Density / Sq Mi
$119,046
Median Household Income
$59,895
Median Earnings
$1,918
Median Rent
$387,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - The convenience store operates under a 20-year absolute NNN ground lease with six additional five-year options.
Where is this nnn property located?
The property is located at 1510 Merchant Blvd Fleming Island, FL.
What is the asking price?
The asking price for this property is $4,724,324.
What are key features of this property?
This property features: 20‑year absolute NNN ground lease commencing October 31, 2026; 7% increases every five years beginning in Year 11; six additional five‑year options; Lease guarantee by Wawa, Inc.; no landlord responsibilities
