5735 Philips Hwy Jacksonville, FL 32216-5912
Property profile & analytics
5735 Philips Hwy Jacksonville, FL 32216-5912
- Grocery and convenience stores
- 5,967 SF
- 1.95 lot acres
Property ID
US18-8391274
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- PNC ATM / Atm
- Wawa / Restaurant / Take-out & Catering
- Tesla Supercharger / Electric Vehicle Charging Station
Property Details for 5735 Philips Hwy
- Year built
- 2020
- Construction
- STEEL FRAME
- Lot size
- 1.95 lot acres
- Property size
- 5,967 SF
- Zone code
- PUD
- Property type
- Grocery and convenience stores
- APN
- 152997-0020
- APU
- 1529970020
Description
This exceptional investment opportunity presents a prime retail property featuring a Wawa convenience store and gas station in Jacksonville, Florida. The property boasts a 5,967 square-foot building on a 1.95-acre lot, constructed in 2020. It benefits from a highly favorable Absolute NNN ground lease with Wawa, a financially strong tenant (BBB investment grade rating by Finch), with approximately 15 years remaining on the 20-year lease term. The lease includes attractive 5% rent increases every five years, providing a hedge against inflation. This "Super Wawa" format location includes 16 fueling stations and 12 Tesla Superchargers, operating 24 hours a day. Its strategic location at a signalized intersection on Philips Highway (US-1) and Bowden Road, with over 51,000 vehicles daily, offers exceptional visibility and accessibility. The property enjoys direct access to I-95, a major north-south interstate, and is situated within a densely populated area with strong growth, boasting over 68,000 residents within a three-mile radius and over 172,000 within five miles. The surrounding area includes numerous other retail establishments, creating a robust commercial environment. This top-performing Wawa, ranked #1 in Jacksonville and within the top percentiles nationally, presents a compelling investment opportunity with a 4.75% cap rate and a $5,263,157 asking price. Jacksonville's significant development pipeline, including projects like 1 Riverside and the Four Seasons hotel, further enhances the long-term value of this property. The property's strong tenant, long lease term, and prime location make it an attractive investment for discerning buyers.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.6171
- Latitude
- 30.2656
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$64,316
$811,085
$2,717,815
$3,528,900
-
$811,085
$2,717,815
$3,528,900
