Wawa Ground Lease Corner
4429 W Eau Gallie Blvd Melbourne, FL 32934
For Sale
Contact for pricing
Pending
Brand new 20-year Wawa ground lease on a signalized corner with traffic exceeding 50,400 vehicles daily.
Lot Size3.04 Acres
Days on Market106
Property Features for 4429 W Eau Gallie Blvd
General Information
- Standard status
- Pending
- Lot size
- 3.04 Acres
- Property subtype
- Retail, Land
Listing Agency:
FL Retail Advisors
(407) 404-1846
Listed By:
Brian Capo · License #FL SL3267919
Source:
Crexi
Added: Apr 10
Changed: Jul 23
Last Checked: Jul 23 at 2:46PM
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 FL Retail Advisors
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present a brand new Wawa ground lease opportunity in Melbourne, Florida. The property is offered subject to a new 20-year ground lease to Wawa Florida, LLC, a wholly owned subsidiary of Wawa, Inc. Rent increases are scheduled at five percent in Year 11 and Year 16 of the base term, with five percent rental increases in each of the six, five-year option terms. The subject property consists of 3.04 acres.
The site is located one block east of Interstate 95 on the signalized hard corner of West Eau Gallie Boulevard and North John Rodes Boulevard. The property provides visibility from both roads, with a combined traffic count of over 50,400 vehicles per day at this intersection as of 2017.
The surrounding area includes owner-occupied housing at 90% within a one mile radius, along with average household incomes over $60,000 within the same one mile radius.
The site is located one block east of Interstate 95 on the signalized hard corner of West Eau Gallie Boulevard and North John Rodes Boulevard. The property provides visibility from both roads, with a combined traffic count of over 50,400 vehicles per day at this intersection as of 2017.
The surrounding area includes owner-occupied housing at 90% within a one mile radius, along with average household incomes over $60,000 within the same one mile radius.
Key Highlights
- Brand new 20‑year Wawa ground lease with Wawa Florida, LLC (wholly owned subsidiary of Wawa, Inc.)
- Five percent rental increases in Year 11 and Year 16 of the base term, plus five percent increases in each of six five‑year option terms
- 3.04‑acre site on the signalized hard corner of W Eau Gallie Blvd and N John Rodes Blvd in Melbourne, FL
Property Analytics
Location Intelligence
Current Use by Public Records
Rhino Truck & Trailer ...
Auto Repair Shop
Tesla Supercharger
Electric Vehicle Charging Station
PNC ATM
Atm
Wawa
Restaurant
FAQs
What type of property is this?
Commercial land - Brand new 20-year Wawa ground lease on a signalized corner with traffic exceeding 50,400 vehicles daily.
Where is this commercial land located?
The property is located at 4429 W Eau Gallie Blvd Melbourne, FL.
What are key features of this property?
This property features: Brand new 20‑year Wawa ground lease with Wawa Florida, LLC (wholly owned subsidiary of Wawa, Inc.); Five percent rental increases in Year 11 and Year 16 of the base term, plus five percent increases in each of six five‑year option terms; 3.04‑acre site on the signalized hard corner of W Eau Gallie Blvd and N John Rodes Blvd in Melbourne, FL
