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| Price $8,100,000 | Built/Renov 2023 | Tenant Wawa (GL) |
| Cap Rate 4.51% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
5,636
| Lease Start
07-17-2022
| #Units
1,050
|
| Price/SF $1,437.19 | Expiration
07-31-2042
| Tenant Type Convenience/Gas |
| NOI $365,000 | R. Term 17.7 | Ownership Ground Lease |
| Rent/SF
$64.76
| Increases 8.0%/9/yrs | Pop 5Mi 279,127 |
| Lot/AC 1.37 | Options 6/5yrs/10% | AHHI 5Mi $91,356 |
| | |
Wawa is strategically located at the signalized, hard corner intersection of N Federal Hwy and Harding Street, with access to a combined daily traffic count of 36,500 vehicles. US 1/N. Federal Hwy is a major thoroughfare that serves the entire East Coast of Florida. The property is less than two miles east of Interstate 95, which sees 222,000 VPD, and is directly across from South Broward High...
...New construction
Signalized intersection
Dense retail corridor
Highway location
Strong demographics
Income tax free state
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Corporate Guarantee
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 21,836 | 129,552 | 282,507 |
| 2022 Total Population : | 21,775 | 125,762 | 278,276 |
| 2022 Employed Civilian Pop : | 11,525 | 65,634 | 142,277 |
| 2022 Total Businesses : | 1,308 | 11,394 | 25,358 |
| 2022 Average Household Income : | $ 74,256 | $ 85,640 | $ 90,929 |
| 2022 Total Consumer Spending : | $ 639 M | $ 4138 M | $ 9128 M |
| 2022 Median Age : | 45 | 45 | 44 |
| 2022 Total Households : | 9,948 | 55,987 | 116,615 |
| 2022 Pop Age 25+: Bachelor's Degree : | 3,547 | 20,680 | 43,458 |
| 2022 Average Home Value : | $ 387,400 | $ 394,808 | $ 404,163 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N Federal Hwy | Harding St | 2009 | 28,000 | 0.07 mi |
| Taft St | N Federal Hwy | 2008 | 1,400 | 0.13 mi |
| Taft Street | N 16th Ct | 2020 | 2,300 | 0.20 mi |
| Taft Street | N 20th Ave | 2020 | 4,100 | 0.30 mi |
| Federal Highway | Cleveland St | 2020 | 29,500 | 0.35 mi |
| Taft St | N 21st Ave | 2008 | 6,600 | 0.41 mi |
| Sheridan St | SE 3rd Ave | 2008 | 23,500 | 0.42 mi |
| East Sheridan Street | SE 3rd Ave | 2020 | 27,500 | 0.43 mi |
| North 14th Avenue | Sherbrooke Blvd | 2020 | 1,700 | 0.43 mi |
| North 21st Avenue | Wilson St | 2020 | 4,300 | 0.45 mi |
Sacramento, CA
Cap Rate 4.75%
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R. Term 13.40 yrs
Size/SF 3,000
Littleton, CO
Cap Rate 5.50%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 5,790
Kildeer, IL
Cap Rate 4.50%
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Size/SF 5,938
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
