Wawa Absolute NNN
For Sale
Contact for pricing
5445 Capital Cir SW, Tallahassee, FL 32305
Single-tenant convenience retail asset with C-2 General Commercial zoning and a long-term lease structure.
Property Size5,915 SF
Lot Size4.00 Acres
Price / SF$683.69
Days on Market113
Property Features for 5445 Capital Cir SW
General Information
Standard status
Active
Size
5,915 SF
Class
A
Total Parking Spaces
42
Lot size
4.00 Acres
Property subtype
Retail
Zoning
C-2: General Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$182,000
Additional Details
Cap Rate
4.5%
Building Details
Year Built
2025
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Tampa
Listed By:
Patrick Nutt · License #BK3120739
Source:
Crexi
Added: May 11
Changed: Aug 30
Last Checked: Aug 31 at 6:40AM
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 single-tenant property features a 5,915-square-foot Wawa convenience store completed in 2025 on a 4-acre parcel. The asset is subject to an absolute NNN ground lease, placing landlord responsibilities within the stated lease structure rather than property operations.
The property is located at 5445 Capital Cir SW in Tallahassee, Florida, and carries C-2: General Commercial zoning. Lease terms include a 20-year initial term, 7% rental increases every five years, and six 5-year extension options. The lease also includes corporate backing, while the investment is reported at a 4.50% cap rate.
The property is located at 5445 Capital Cir SW in Tallahassee, Florida, and carries C-2: General Commercial zoning. Lease terms include a 20-year initial term, 7% rental increases every five years, and six 5-year extension options. The lease also includes corporate backing, while the investment is reported at a 4.50% cap rate.
Key Highlights
- Single‑tenant Wawa property on a 4‑acre parcel
- 5,915 SF store completed in 2025
- Absolute NNN ground lease structure
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
15,361 visits/mo
0.1 miles
Shell
Shops & Services
11,421 visits/mo
0.1 miles
Demographics for 32305, FL
19,199
Population
8,517
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
83%
High-School Grad
96.0 sq mi
ZIP Area
200
Density / Sq Mi
$47,694
Median Household Income
$32,166
Median Earnings
$923
Median Rent
$154,500
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 retail asset with C-2 General Commercial zoning and a long-term lease structure.
Where is this nnn property located?
The property is located at 5445 Capital Cir SW Tallahassee, FL.
What is the asking price?
The asking price for this property is $4,044,000.
What are key features of this property?
This property features: Single‑tenant Wawa property on a 4‑acre parcel; 5,915 SF store completed in 2025; Absolute NNN ground lease structure
