2530 Bay Dr Largo, FL 33771-2406

This exceptional investment opportunity presents a 2,016 sq ft Wawa convenience store and gas station with a drive-thru, located at 2530 E Bay Dr, Largo, FL 33771. The property sits on a 0.91-acre lot and boasts a strong location within the Tampa/St. Pete MSA, benefiting from high daily traffic counts exceeding 60,000 vehicles on East Bay Drive. This Class A asset features a credit-rated tenant with a 9.6-year remaining lease term (expiring 06/30/2034) on an absolute NNN lease, eliminating landlord responsibilities. The lease includes six 5-year renewal options with a 7% rent increase every five years, ensuring consistent income growth. The current annual net operating income (NOI) is $145,000, representing a 5.00% capitalization rate on the $2,900,000 asking price. Built in 2023, this Wawa is the first drive-thru location in Florida, strategically positioned within a larger development including Winn-Dixie, Bank of America, and Amped Fitness, creating synergistic tenant relationships. The property's prime location and strong demographics, with over 254,000 residents within a 5-mile radius and an average household income of $85,054, contribute to its exceptional investment potential. The property's APN is 36-29-15-46618-001-0010. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a nationally recognized brand in a rapidly growing market.