Wawa Absolute NNN Ground
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1801 Capital Circle SE, Tallahassee, FL 32301
Single-tenant convenience store investment at a signalized corner in Tallahassee.
Property Size6,119 SF
Lot Size2.97 Acres
Price / SF$671.84
Days on Market6
Property Features for 1801 Capital Circle SE
General Information
Standard status
Active
Size
6,119 SF
Total Parking Spaces
44
Lot size
2.97 Acres
Property subtype
Retail
Zoning
C-2 (General Commercial)
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$185,000
Site & Location
Traffic Count
52,300 vehicles/day
Road Access
Yes
Building Details
Year Built
2026
Tenancy
Single
Abandoned
No
Listing Agency:
SRS Real Estate Partners Tampa
Listed By:
Patrick Nutt · License #BK3120739
Source:
Crexi
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 10 at 6:47AM
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 SRS Real Estate Partners Tampa
Investment Insights
Based on property information with market context.
This 6,119-square-foot Wawa property was constructed in 2026 on a 2.97-acre parcel at 1801 Capital Circle SE in Tallahassee. The asset is structured as a single-tenant, 20-year absolute NNN ground lease, with Wawa Inc. providing the lease guarantee. Under the lease structure, the tenant is responsible for CAM, taxes, insurance, and maintenance of the premises.
The property occupies the signalized intersection of Capital Circle SE and Old St. Augustine Road, where the combined roads carry more than 52,300 vehicles per day. The lease includes 7% rent increases every 5 years beginning in lease year 11, followed by increases at the start of each of six 5-year option periods. The site is zoned C-2 (General Commercial).
The property occupies the signalized intersection of Capital Circle SE and Old St. Augustine Road, where the combined roads carry more than 52,300 vehicles per day. The lease includes 7% rent increases every 5 years beginning in lease year 11, followed by increases at the start of each of six 5-year option periods. The site is zoned C-2 (General Commercial).
Key Highlights
- 20‑year absolute NNN ground lease with Wawa Inc. lease guarantee
- 6,119‑square‑foot building completed in 2026 on 2.97 acres
- Signalized, four‑way corner at Capital Circle SE and Old St. Augustine Road
Property Analytics
Property Profile
Current Use
Lease Details
52,300 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
37k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Home Improvements & Furnishings 3%
Circle K
Shops & Services
19,246 visits/mo
0.1 miles
Dollar General
Shops & Services
10,083 visits/mo
0.1 miles
AutoZone
Shops & Services
6,311 visits/mo
0.1 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,270 visits/mo
0.1 miles
Demographics for 32301, FL
29,686
Population
17,029
Households
1.7
Avg Household Size
32
Median Age
45%
College-Educated
92%
High-School Grad
10.2 sq mi
ZIP Area
2,910
Density / Sq Mi
$50,412
Median Household Income
$34,271
Median Earnings
$1,200
Median Rent
$211,900
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?
NNN property - Single-tenant convenience store investment at a signalized corner in Tallahassee.
Where is this nnn property located?
The property is located at 1801 Capital Circle SE Tallahassee, FL.
What is the asking price?
The asking price for this property is $4,111,000.
What are key features of this property?
This property features: 20‑year absolute NNN ground lease with Wawa Inc. lease guarantee; 6,119‑square‑foot building completed in 2026 on 2.97 acres; Signalized, four‑way corner at Capital Circle SE and Old St. Augustine Road
