Single-Tenant NNN Ground
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8115 Southern Blvd, West Palm Beach, FL 33411
Single-tenant NNN ground lease fronting Southern Blvd with corporate-guaranteed Wawa lease.
Property Size5,537 SF
Price / SF$1,621
Days on Market218
Property Features for 8115 Southern Blvd
General Information
Standard status
Active
Size
5,537 SF
Class
A
Total Parking Spaces
43
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$395,000
Site & Location
Traffic Count
84,100 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
4.4%
Building Details
Year Built
2023
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Tampa
Listed By:
William Wamble · License #SL3257920
(813) 434-8278
Source:
Crexi
Added: Mar 19
Changed: Oct 16
Last Checked: Oct 20 at 8:41PM
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
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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.
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
Property Analytics
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Current Use
Lease Details
84,100 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
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Business Placement
Demographics for 33411, FL
74,206
Population
30,063
Households
2.5
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
34.9 sq mi
ZIP Area
2,126
Density / Sq Mi
$89,329
Median Household Income
$46,461
Median Earnings
$1,887
Median Rent
$400,900
Median Home Value
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Frequently Asked Questions
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
