Wawa (GL)

106 South State Road 7, Hollywood, FL 33023

$11,580,000

Cap Rate 4.75%

Views: 93 DOM: 266 Updated: 08.27.24 Posted: 12.25.23 Status: Contract

Summary

Price $11,580,000	Built/Renov 2023	Tenant Wawa (GL)
Cap Rate 4.75%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 6,119	Lease Start 11-22-2022	#Units 1,000
Price/SF $1,892.47	Expiration 11-30-2042	Tenant Type Convenience/Gas
NOI $550,000	R. Term 18.2	Ownership Ground Lease
Rent/SF $89.88	Increases 7.0%/10/yrs	Pop 5Mi 487,345
Lot/AC 2.36	Options 6/5yrs/7%	AHHI 5Mi $83,382

Chris Bosworth

CBRE: NLPG Atlanta

Contact

Lease Highlights

Wawa has 18+ years remaining on the current ground lease term with 6 (5-year) options to extend
Lease features 7% rental increase at the start of each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Wawa is strategically located at the highly trafficked signalized intersection of primary thoroughfares Hollywood Boulevard and State Road 7, with a combined daily traffic count of 82,000 vehicles. Positioned just 0.3 miles east of Florida’s Turnpike/Hollywood Boulevard interchange (148,700 VPD) and 2.5 miles west of the I-95/Hollywood Boulevard interchange. Notably, the site is adjacent to...

...

Key Features

New construction
Hard corner intersection
High traffic 50M+ VPD
Freeway close
Top 100 MSA
Strong demographics
Income tax free state
Long 15+ yr lease
Absolute NNN
Corporate Guarantee

...

Links

Wawa Wikipedia Wawa Wikipedia Hollywood, Florida Zip Code 33023 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Wawa
Guarantor:Corporate
Company:Wawa, Inc.
# Units:1,000
Stock:Private

About Tenant

Wawa, Inc. is an American chain of convenience stores and gas stations located along the East Coast of the United States, operating in Pennsylvania, New Jersey, Delaware, Maryland, Virginia,...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	22,966	186,838	495,893
2023 Total Population :	23,101	187,652	487,345
2023 Employed Civilian Pop :	12,070	101,131	258,515
2023 Total Businesses :	1,557	10,600	30,975
2023 Average Household Income :	$ 77,187	$ 85,768	$ 83,382
2023 Total Consumer Spending :	$ 551 M	$ 4949 M	$ 12979 M
2023 Median Age :	39	39	39
2023 Total Households :	8,218	66,635	179,281
2023 Pop Age 25+: Bachelor's Degree :	1,940	21,584	61,000
2023 Average Home Value :	$ 321,699	$ 374,394	$ 391,490

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Hollywood Blvd	Hwy 441	2008	40,000	0.12 mi
Hollywood Blvd	S 61st Ter	2009	48,500	0.14 mi
State Road 7	Taylor St	2021	34,500	0.30 mi
US Hwy 441	Washington St	2008	43,000	0.32 mi
	N 63rd Ave	2022	11,800	0.35 mi
	Elm St	2022	11,800	0.39 mi
	Birch St	2022	9,200	0.43 mi
	S 63rd Ave	2022	9,200	0.43 mi
	S 63rd Ave	2022	11,800	0.44 mi
Washington St	Hwy 441	2008	8,900	0.47 mi

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT