8115 Southern Blvd West Palm Beach, FL 33411

Building Details

Year Built

2023

Listing agency SRS Real Estate Partners Tampa

Listed by Patrick Nutt · License #BK3120739

Source Crexi

Added: Mar 13 Updated: Jul 22 at 5:05AM Checked: Jul 22 at 5:05AM

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Investment Insights

Based on property information with market context.

8115 Southern Boulevard is a single-tenant, absolute NNN ground lease property featuring a corporate-guaranteed lease by Wawa Inc. The property is presented as an investment-grade tenancy with Wawa Inc. cited as operating more than 1,100 locations nationwide. The offering includes reported net operating income of $395,000 and a stated 4.40% cap rate, along with 17+ years remaining on the current lease term and six (5-year) extension options. Scheduled rental increases are also included in the lease structure.

The site fronts Southern Blvd and is described as being located just off the FL Turnpike. Public remarks cite an average daily traffic count of 84,100 vehicles per day for Southern Blvd.

Overall, the configuration is positioned as a long-term, lease-backed real estate asset under an absolute NNN structure with tenant guarantees and multiple extension options noted in the materials.

Key Highlights

• 2023‑built single‑tenant absolute NNN ground lease property in West Palm Beach, FL
• Fronts Southern Blvd with 84,100 vehicles per day traffic count (highway frontage just off FL Turnpike)
• Corporate‑guaranteed lease by Wawa Inc., with a tenant footprint of 1,100+ locations nationwide

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FAQs

What type of property is this?

NNN property - Single-tenant NNN ground lease fronting Southern Blvd with corporate-guaranteed Wawa lease.

Where is this nnn property located?

The property is located at 8115 Southern Blvd West Palm Beach, FL.

What is the asking price?

The asking price for this property is $8,977,000.

What are key features of this property?

This property features: 2023‑built single‑tenant absolute NNN ground lease property in West Palm Beach, FL; Fronts Southern Blvd with 84,100 vehicles per day traffic count (highway frontage just off FL Turnpike); Corporate‑guaranteed lease by Wawa Inc., with a tenant footprint of 1,100+ locations nationwide