Hallandale Beach, FL - Wawa

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