Wawa NNN Property Just Leased in Ocoee, Florida
We are pleased to announce that we have just leased a Wawa NNN property located at 9729 West Colonial Drive, Ocoee Florida. The property is located in the iconic corner intersection between West Colonial Drive and Clarke Road, with an average daily traffic of over 60K vehicles. Alex Casablanca, Managing Broker at Casablanca Commercial Real Estate Investments represented the Landlord in the transaction. The lease features a 20 Years Absolute NNN Lease with No Landlord Responsibilities, 8% rental increases every 5 years, and Six 5-Years renewal options.
- Gross Lease Value: $6,759,185
- Years on Lease: 20 Years
- Lease Type: Absolute NNN
- Extensions: Six 5-Year Options
- Rental Increases: 8% every 5 years
- Guaranty: Wawa Corporation
- Location: Ocoee, FL
- Estimated Opening: Summer 2024
- Iconic Retail Corner between West Colonial Drive and Clarke Road in Ocoee, Florida
- Irreplaceable Hard Signalized Corner
- Premium Access from 408 Road and Florida’s Turnpike
- Massive Average Daily Traffic Intersection with over 60K Vehicles per Day
- Strong Demographics with a population of over 236K in a 5 miles radius
- 2.24 Acre Premium Retail Pad
- In the Epicenter of a Dense Retail Corridor
- Across two Major Hospitals, the Orlando Health and University of Florida Hospital
At Casablanca, we specialize in representing NNN Buyers, Sellers, Landlords, and 1031 Exchange Investors Nationwide USA. We have the knowledge and expertise to guide you along the way from market research, identifying potential properties, submitting offers and negotiating them, due diligence, up to the closing table. We have helped many NNN Buyers and 1031 Exchange Investors in finding and negotiating the best property according to their investment goals and risk tolerance.
We have the most competitive listing fees on the market for both Sellers and Landlords. Moreover, we represent our Buyer’s for Free since we get paid from the Seller, and we also Pay for our Buyer’s Closing costs up to a maximum of $10k. This incentive will offset or cover completely the major Buyer’s closing costs expenses such as Title Fees, Attorney Fees, Recording Fees, among others. We are the Brokers that give you more in exchange for your trust.
If you have any questions feel free to contact me directly at 407-205-7570 or you can also email me at [email protected]. Feel free to call me anytime at your convenience, I’m always available for my clients. Thank you very much for watching this video and I’m looking forward to speaking with you.