Property summary
This exceptional investment opportunity presents a brand-new, 6,119 square foot Wawa convenience store and gas station located at a signalized, hard corner intersection in Palatka, Florida (3743 Reid St, 32177). The property sits on a 4.84-acre lot with 56 parking spaces and benefits from a 20-year absolute NNN ground lease commencing June 1, 2024, and expiring June 1, 2044, with 19.5 years remaining. The lease includes 5% rent bumps every five years beginning in year 11 and six 5-year lease… options. The tenant, Wawa, is credit-rated, ensuring a stable income stream. The property boasts a strong NOI of $235,000, resulting in a compelling 4.75% cap rate at an asking price of $4,947,000. This prime location enjoys high visibility due to its placement at the intersection of N State Road 19 and Reid Street, averaging a combined 53,000 vehicles per day. Nearby retail centers include Palatka Mall and Town & Country Shopping Center, both ranking highly among their respective center types nationwide. The area also features major retailers such as Walmart, Home Depot, and Publix, further enhancing the property's appeal. The proximity to Palatka High School (1,067 students) provides a substantial consumer base. This is a management-free investment opportunity in Florida, a state with no state income tax, offering significant tax advantages. The tenant is responsible for all property expenses including CAM, taxes, and insurance, minimizing landlord responsibilities. The investment structure is a leased fee interest, meaning the investor retains land ownership.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
- Location Analytics
Cancel anytime.
- 300 reports a month
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
- Location Analytics
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
