Wawa Absolute NNN Ground
For Sale
Contact for pricing
2040 Nolte Road, Saint Cloud, FL 34772
Newly built, single-tenant convenience retail property under a corporate-guaranteed ground lease with scheduled rent increases.
Property Size5,636 SF
Lot Size1.88 Acres
Price / SF$926.54
Days on Market171
Property Features for 2040 Nolte Road
General Information
Standard status
Active
Size
5,636 SF
Class
A
Total Parking Spaces
58
Lot size
1.88 Acres
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$235,000
Site & Location
Traffic Count
21,000 vehicles/day
Road Access
Yes
Additional Details
Cap Rate
4.5%
Building Details
Year Built
2025
Buildings
1
Stories
1
Tenancy
Single
Abandoned
No
Listing Agency:
SRS Real Estate Partners Tampa
Listed By:
Patrick Nutt · License #BK3120739
Source:
Crexi
Added: Mar 13
Changed: Aug 29
Last Checked: Aug 29 at 11:16PM
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.
Completed in 2025, this 5,636-square-foot Wawa property occupies 1.88 acres at 2040 Nolte Road in St. Cloud, Florida. The asset is leased to a single tenant under an Absolute NNN ground lease, with a corporate guaranty and no landlord responsibilities identified in the lease structure.
The property is positioned within a larger retail development at a signalized intersection reporting 21,000 VPD. The lease provides an initial 20-year term, six 5-year extension options, and scheduled rental increases. The surrounding 5-mile area has an average household income exceeding $101,572, and the property is located within the Orlando MSA.
The property is positioned within a larger retail development at a signalized intersection reporting 21,000 VPD. The lease provides an initial 20-year term, six 5-year extension options, and scheduled rental increases. The surrounding 5-mile area has an average household income exceeding $101,572, and the property is located within the Orlando MSA.
Key Highlights
- Wawa single‑tenant property with corporate guaranty
- Absolute NNN ground lease with no landlord responsibilities
- 5,636 SF building on 1.88 AC
Property Analytics
Property Profile
Current Use
Lease Details
21,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 82%
Shops & Services 18%
Walmart Neighborhood Market
Groceries
42,242 visits/mo
0.4 miles
FedEx Office Print & Ship Center
Shops & Services
9,253 visits/mo
0.4 miles
Demographics for 34772, FL
33,499
Population
11,673
Households
2.9
Avg Household Size
38
Median Age
33%
College-Educated
94%
High-School Grad
86.9 sq mi
ZIP Area
385
Density / Sq Mi
$86,900
Median Household Income
$41,069
Median Earnings
$1,823
Median Rent
$352,400
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 - Newly built, single-tenant convenience retail property under a corporate-guaranteed ground lease with scheduled rent increases.
Where is this nnn property located?
The property is located at 2040 Nolte Road Saint Cloud, FL.
What is the asking price?
The asking price for this property is $5,222,000.
What are key features of this property?
This property features: Wawa single‑tenant property with corporate guaranty; Absolute NNN ground lease with no landlord responsibilities; 5,636 SF building on 1.88 AC
