Wawa Absolute Nnn Land Lease — Sale in Orlando, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Orlando, FL 32819

Investment Figures

Cap rate
4.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 8927 Futures Drive, a newly developed Wawa land lease investment located within Orlando’s highly desirable International Drive / Universal submarket—one of Central Florida’s most active and resilient commercial corridors. The property is strategically positioned along Futures Drive with immediate access to Sand Lake Road, SR 528 (Beachline Expressway), Florida’s Turnpike, and Interstate 4, providing exceptional connectivity throughout the Orlando MSA. This infill location benefits from strong traffic patterns and proximity to major demand drivers, including Universal Orlando Resort, the Orange County Convention Center, and the rapidly expanding Epic Universe development. The asset is secured by a long-term absolute NNN land lease with Wawa, one of the nation’s premier convenience retailers with a proven operating history, strong credit profile, and aggressive expansion strategy throughout Florida. Under the land lease structure, the tenant is responsible for all operating expenses, maintenance, insurance, and taxes, providing the landlord with truly passive, bond-like income and zero management responsibilities. 8927 Futures Drive offers investors the opportunity to acquire a low-risk, inflation-resistant income stream backed by a nationally recognized tenant in a supply-constrained infill market. The surrounding area is supported by dense tourism, hospitality, and residential development, reinforcing long-term real estate fundamentals and making this asset an ideal core or 1031 exchange investment. Investment Highlights: • Absolute NNN Land Lease With Approximately 19 Years Remaining On The Initial 20-Year Term And Six (6), Five-Year Extension Options, Offering Up To 49 Years Of Total Lease Control. • Zero Landlord Responsibilities Under The Absolute NNN Land Lease Structure, Providing Truly Passive Income. • Credit Tenant Investment With Wawa, A Nationally Recognized Convenience Retailer With A Strong Florida Presence. • P

Market Context

This retail in Orlando, FL is listed for sale. It is offered at an approximate 4.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Orlando, FL — view the full market.

As of Q4 2025, the Orlando retail market showed a 4.0% vacancy rate, average asking rents near $30.64/SF/yr, rents up 4.8% year over year, and cap rates around 6.6%. Source: multiple brokerage reports, Q4 2025.

Its 4.5% asking cap rate is below the Orlando retail market average of about 6.6%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Orlando?
About 6.6% as of Q4 2025, per multiple brokerage reports.
Is the Orlando retail market tightening or softening?
Vacancy is around 4.0%, with asking rents rising year over year (Q4 2025).

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