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| Price $5,619,000 | Built/Renov 2024 | Tenant Wawa (GL) |
| Cap Rate 5.25% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
5,585
| Lease Start
12-01-2024
| #Units
1,050
|
| Price/SF $1,006.09 | Expiration
11-30-2044
| Tenant Type Convenience/Gas |
| NOI $295,000 | R. Term 20.0 | Ownership Ground Lease |
| Rent/SF
$52.82
| Increases 10.0%/5/yrs | Pop 5Mi 60,339 |
| Lot/AC 2.07 | Options 6/5yrs/10% | AHHI 5Mi $92,126 |
| | |
Wawa is strategically located at the signalized, hard corner intersection of Baltimore Street and Clover Lane, with access to a combined daily traffic count of 21,000 vehicles. The property is surrounded by well-known national tenants, including Walmart Supercenter, GIANT, Planet Fitness, PNC Bank, Truist, and more. The McDonald’s in close proximity ranks in the top 96th percentile of their...
...New construction
Signalized intersection
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Affluent suburb location
Brand new lease
Long 20+ yr lease
Accelerated depreciation
Corporate Guarantee
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 8,893 | 44,833 | 61,302 |
| 2024 Total Population : | 8,452 | 43,603 | 60,165 |
| 2024 Employed Civilian Pop : | 4,281 | 22,888 | 31,904 |
| 2024 Total Businesses : | 206 | 1,396 | 2,128 |
| 2024 Average Household Income : | $ 100,744 | $ 95,855 | $ 98,878 |
| 2024 Total Consumer Spending : | $ 286 M | $ 1489 M | $ 2098 M |
| 2024 Median Age : | 40 | 42 | 42 |
| 2024 Total Households : | 3,228 | 17,688 | 24,217 |
| 2024 Pop Age 25+: Bachelor's Degree : | 1,165 | 5,131 | 7,209 |
| 2024 Average Home Value : | $ 254,833 | $ 279,719 | $ 290,819 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Baltimore St | Squire Way | 2019 | 15,760 | 0.14 mi |
| Black Rock Road | Valley View Rd | 2021 | 5,298 | 0.24 mi |
| Black Rock Road | Bowman Rd | 2019 | 3,913 | 0.24 mi |
| Baltimore St | Black Rock Rd | 2016 | 16,667 | 0.35 mi |
| Clover Lane | Maple Ln | 2019 | 2,917 | 0.42 mi |
| Grandview Rd | Melodie Ln | 2017 | 13,763 | 0.51 mi |
| Grandview Road | Brad Dr | 2021 | 11,974 | 0.52 mi |
| Baltimore St | Grace St | 2016 | 16,667 | 0.54 mi |
| Baltimore St | Grandview Rd | 2017 | 14,415 | 0.56 mi |
| Beck Mill Road | Cooper Rd | 2022 | 2,157 | 0.81 mi |
Long Beach, CA
Cap Rate 4.75%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 3,010
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
