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Wawa Net Lease Investment Opportunity | 4.5% Cap Rate

2401 S. Kanner Hwy
Stuart, FL 34994
PRICE : $5,395,000
CAP RATE: 4.5%
SITE SIZE: 2.43 Acres


  • 20-year NNN Ground Lease through April 2036 with rent increases of 5% every 5 years
  • Six 5-year renewal option periods
  • Signalized corner with over 54,000 VPD on large ±2.43 acre parcel
  • Densely-populated area with over 53K population within 5 miles plus seasonal “snowbirds”
  • WAWA ranked # 23 on Forbes list of largest private companies
  • Florida has no state income tax
  • Bull Realty Florida License #1026029


This Wawa NNN ground leased convenience store and gas station is offered for sale in Stuart, Florida. It is located on Florida’s East Coast, known as “The Sailfish Capital of the World”. The ± 5,493 SF convenience store, including 16 pumps and new Tesla Supercharger stations, was built in 2016. The store is located on a busy signalized ± 2.43-acre corner with combined traffic counts of 54,500 VPD. Leisure Village, a 55-plus cooperative community of 176 homes, is located beside the property, and Martin County High School is 0.4 miles south. Nearby national retailers include Starbucks, TJ Maxx, HomeGoods, CVS, Chipotle and Petco. The population with a 5-mile radius is 98,648 with an average household income of $93,885.

The 20-year NNN ground lease has 15 years remaining with six 5-year options. There is a 5% rent increase every five years and in options. WAWA is considered to be a convenience store industry leader, known for its quality foods, service and gas stations with over 900 locations in 6 states on the Eastern seaboard. This investment opportunity brings a quality tenant, showcased real estate, long-term lease, and no landlord responsibilities to the discerning investor. Additionally, Florida has no state income tax! This offering is priced at $5,395,000 or a 4.5% cap rate.

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