7408 East Hillsborough Avenue, Tampa, FL, 33610, US

Wawa - Tampa, FL

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Wawa at 7408 E Hillsborough Avenue in Tampa, Florida (“Property” or “Asset”). The Property is operating on an absolute NNN ground lease with ±8.1 years of primary lease term remaining, 8.0% rent escalations every 5 years and six, five-year options. Wawa is #21 on Forbes’ list of 2025 Largest Privately Held Companies, and the largest private company in PA.

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Attributes

Asking price

₹569,765,000

Cap rate

4.75%

NOI

₹27,063,000

WAULT

8.1 years

Land area gross

0.79 ha

Building area net

567 m²

Media

Investment Highlights

Absolute NNN ground lease Wawa with zero landlord responsibilities
Top 1% of most visited gas and convenience stores in the U.S. by visits
Adjacent to Seminole Hard Rock Hotel & Casino – the #5 most visited hotel & casino in the U.S.
Large 1.96-acre parcel in dense, infill Tampa location
Adjacent to Florida State Fairgrounds, a top 1% attraction in the U.S.
6 miles to University of South Florida with 50,000+ students
Direct access via Hillsborough Ave & I-4 / US Hwy 310 interchange w/ 229,000+ VPD