Price $5,667,000 | Built/Renov 2021 | Tenant Wawa (GL) |
Cap Rate 4.50% | Lease Type
Abs NNN | Guarantor Corporate |
Size/SF
6,119
| Lease Start
11-01-2020
| #Units
950
|
Price/SF $926.13 | Expiration
10-31-2040
| Tenant Type Convenience/Gas |
NOI $255,000 | R. Term 16.10 | Ownership Ground Lease |
Rent/SF
$41.67
| Increases 7.0%/8/yrs | Pop 5Mi 45,995 |
Lot/AC 2.55 | Options 6/5yrs/7% | AHHI 5Mi $18,124 |
| |
Wawa is Strategically located at the signalized, hard corner intersection of U.S. Highway 27 and South Highlands Avenue, averaging a combined 55,800 vehicles passing by daily. The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers. The subject property features a Wawa-branded convenience store, several fuel pumps,...
...Signalized intersection
High traffic 50M+ VPD
Near major nationals
Highway location
Hospital close
Strong tenant synergy
Income tax free state
Long 15+ yr lease
Absolute NNN
Corporate Guarantee
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 3,212 | 17,313 | 35,577 |
2023 Total Population : | 3,266 | 16,999 | 34,959 |
2023 Employed Civilian Pop : | 668 | 5,146 | 10,850 |
2023 Total Businesses : | 294 | 1,158 | 1,737 |
2023 Average Household Income : | $ 45,892 | $ 55,059 | $ 62,446 |
2023 Total Consumer Spending : | $ 69 M | $ 354 M | $ 855 M |
2023 Median Age : | 64 | 52 | 56 |
2023 Total Households : | 1,713 | 7,310 | 15,613 |
2023 Pop Age 25+: Bachelor's Degree : | 148 | 1,485 | 4,048 |
2023 Average Home Value : | $ 164,541 | $ 201,904 | $ 217,035 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
United States Highway 27 | Taubert St | 2005 | 36,500 | 0.18 mi |
Desoto Road | Commerce Center | 2022 | 5,300 | 0.49 mi |
2005 | 10,700 | 0.77 mi | ||
Sebring Parkway | Youth Care Ln | 2022 | 11,300 | 0.83 mi |
Southeast Lakeview Drive | United States Hwy 27 | 2022 | 9,500 | 0.93 mi |
Sparta Road | Schlosser Rd | 2022 | 3,300 | 0.98 mi |
United States Highway 27 | SE Lakeview Dr | 2005 | 44,500 | 1.02 mi |
Southeast Lakeview Drive | S Lakeview Ter | 2021 | 14,800 | 1.03 mi |
Southeast Lakeview Drive | S Eucalyptus St | 2022 | 15,200 | 1.03 mi |
Orange Blvd | 2022 | 31,000 | 1.05 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]