Hallandale Beach, FL - Wawa

3195 Hallandale Beach Blvd, Hallandale Beach, FL

$7,979,000

Price

4.7%

Cap Rate

$375,000

NOI

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Street
Map
Overview
Cap Rate
4.7%
NOI
$375,000
Building Size
5,636 sqft
Lot Area
2.37 acres
Occupancy
100%
Year Built
2023
Description

• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by Wawa, Inc., an investment grade
(Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 950+ locations
• The ground lease features scheduled rental increases throughout the initial term and each option to extend, increasing NOI and hedging against inflation

• The asset is strategically fronting Hallandale Beach Blvd averaging 61,200 vehicles passing by daily
• Directly off Interstate 95 (240,000 VPD), providing direct on/off ramp access for travelers
• Hallandale Beach Blvd is a dense retail corridor with national/credit tenants such as Winn-Dixie, Walgreens, Family Dollar, Dollar Tree, McDonald’s, and more
• More than 503,000 residents and 217,000 employees support the trade area
• Average household income is $88,184

This listing was syndicated through:

Listing ID: a288X000002lyEIQAY
Location
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