5735 Philips Hwy Jacksonville, FL 32216-5912

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.