5726 Abshier Blvd Belleview, FL 34420-4030

Property Details for 5726 Abshier Blvd

Year built

2019

Construction

STEEL FRAME

Lot size

1.97 lot acres

Property size

6,089 SF

Zone code

B4

Property type

Commercial real estate

APN

38867-000-00

APU

3886700000

Description

This exceptional investment opportunity presents a 6,025-square-foot Wawa convenience store and gas station (16 pumps) in Belleview, Florida. Located at a signalized intersection on US Hwy 27 and CR 484, this property boasts excellent visibility and accessibility, with over 42,000 vehicles passing daily. The property sits on a 1.97-acre lot and benefits from its proximity to major roadways, including I-75, and a thriving retail corridor featuring numerous national brands. The Wawa operates under a 20-year absolute NNN ground lease, signed in May 2019, with approximately 14.5 years remaining. The lease includes attractive 8% rent increases every five years, providing a strong hedge against inflation. Wawa, a highly rated investment-grade tenant (BBB rating by Fitch), consistently ranks among the top convenience store chains nationally. This location is a top performer, exceeding expectations within its market. The property's strong performance is further enhanced by its location near a major shopping center and significant residential development, including the rapidly growing Villages retirement community. This is a rare opportunity to acquire a high-performing, passively managed asset with a long-term lease and significant upside potential. The asking price is $3,815,000, representing a 4.85% cap rate. The property was built in 2019 and enjoys 100% occupancy.

Location Insight

City

Belleview

County

Marion

State

Florida

Longitude

-82.0541

Latitude

29.0585

CBSA code

36100

CBSA name

OCALA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments