Wawa NNN — Jacksonville, FL

Updated November 4, 2026

$4,526,315 · 4.75% CAP · 13.9 YRS

2020 Wawa c-store and fuel center at 3840 Emerson Street in Jacksonville, 5,636 SF on 2.1 acres, on a NNN ground lease asking $4,526,315 at a 4.75% cap on $215,000 rent. Wawa, Inc. guarantees it; the package states no credit rating. About 13.9 years remain through September 2040, with 5% increases every five years starting in year 11 and six 5-year options. The buyer owns the land, not the building. This 4.75% ask is 100 basis points under the 5.75% median of 196 active listings.

Lease Abstract

Price

$4,526,315

Cap rate

4.75% CAP

NOI

$215,000

Term remaining

13.9 YRS

Lease type

NNN Ground Lease

Increases

5% every 5 years starting in year 11

Options

6 x 5-year

Guarantee

Corporate

Building

5,636 SF

Lot

2.1 AC

Year built

2020

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

5,636 SF building, built 2020, 2.1 acres of land. Ground lease priced at $2,155,388 per acre. Rent increases: 5% every 5 years starting in year 11. Renewal options: 6 x 5-year. Corporate guarantee. Primary term ends around 2040 (13.9 yrs left at listing, Nov 2026).

Location

Jacksonville, Florida — 3840 Emerson Street, Jacksonville, FL 32207. Full address and offering memorandum released on request — see our Wawa tenant guide and the Florida market page for the underwriting context.