New Wawa Ground
For Sale
Contact for pricing
1518 West US Highway 90, Lake City, FL 32055
New 20-year absolute NNN ground lease with Wawa.
Property Size5,919 SF
Lot Size4.93 Acres
Price / SF$1,031
Days on Market161
Property Features for 1518 West US Highway 90
General Information
Standard status
Active
Size
5,919 SF
Class
A
Total Parking Spaces
80
Lot size
4.93 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$290,000
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CBRE - Orlando
(407) 839-3123
Listed By:
Raymond Romano · License #FL 3041785
Source:
Crexi
Added: Mar 4
Changed: Aug 8
Last Checked: Aug 11 at 1:44PM
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.
This property features a new 20-year absolute NNN ground lease with Wawa. The 5,915 SF building is situated on a 4.93 acre parcel at a high-traffic, signalized hard corner intersection in Lake City, FL, offering exceptional visibility and access. The new lease includes fixed rental increases throughout the term, providing hands-off ownership with no landlord obligations. The site is located directly on U.S. Highway 90, generating substantial daily traffic and demand. The asset benefits from proximity to I-75, which brings strong daily traffic counts, excellent regional connectivity, and consistent commuter exposure. This highway access enhances visibility, supports steady customer flow, and provides convenient ingress and egress for both local residents and through-travelers, making the location ideal for high-volume retail operations such as Wawa. The location is further enhanced by its access to the junction of Interstate 10 (I-10) and I-75, one of the region’s primary transportation corridors which provides exceptional east–west and north–south connectivity. The property is suitable for grocery and convenience stores, retail properties, NNN properties, and specialty properties.
Key Highlights
- Brand new 20‑year absolute NNN ground lease with Wawa.
- Located at a high‑traffic, signalized hard corner intersection with exceptional visibility and access.
- Absolute NNN lease provides hands‑off ownership with no landlord obligations.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
163k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 25%
Shops & Services 23%
Home Improvements & Furnishings 10%
Publix
Groceries
52,551 visits/mo
0.4 miles
Culver's
Dining
24,139 visits/mo
0.5 miles
Gator's Dockside
Dining
17,264 visits/mo
0.5 miles
Harbor Freight Tools
Home Improvements & Furnishings
14,121 visits/mo
0.4 miles
PetSmart
Shops & Services
9,771 visits/mo
0.4 miles
Demographics for 32055, FL
16,624
Population
7,498
Households
2.2
Avg Household Size
42
Median Age
18%
College-Educated
84%
High-School Grad
184.4 sq mi
ZIP Area
90
Density / Sq Mi
$57,328
Median Household Income
$30,840
Median Earnings
$873
Median Rent
$161,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- MJ's Milk and Melons — 451 nw orange st, lake city, fl 32055
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - New 20-year absolute NNN ground lease with Wawa.
Where is this grocery and convenience store located?
The property is located at 1518 West US Highway 90 Lake City, FL.
What is the asking price?
The asking price for this property is $6,105,000.
What are key features of this property?
This property features: Brand new 20‑year absolute NNN ground lease with Wawa.; Located at a high‑traffic, signalized hard corner intersection with exceptional visibility and access.; Absolute NNN lease provides hands‑off ownership with no landlord obligations.
