Wawa - West Palm Beach, FL
5653 N Military Trl, West Palm Beach, FL, 33407, US
CA$11,541,000 | 524 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the 7-Eleven located at 150 Pinellas Bayway S in Tierra Verde, Florida (“Property” or “Asset”). 7-Eleven is operating on a long term, 15-year absolute NNN lease with zero landlord responsibilities and 10.0% rent increases starting in year 11 and continuing at each of the five, five-year renewal options.
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Attributes
Asking price
CA$8,585,000
Cap rate
5%
NOI
CA$430,000
WAULT
14.8 years
Building area net
346 sm
Land area gross
0.2 ha
Media
Investment highlights
- Long-term absolute NNN lease with ±14.8 years of primary term remaining
- Sole gas station and convenience store on Tierra Verde island
- Adjacent to Tierra Verde Marina undergoing $33M expansion
- Along Pinellas Bayway, the only route to the islands of Fort De Soto Park
- Strong demographics with $195K AHHI within 1-mile radius
- Tierra Verde is one of Tampa's wealthiest communities
Contact brokers
7-Eleven - Tierra Verde, FL (0 Properties)
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Last updated
Jan 12, 2026
