Wawa (GL)

2000 North State Road 7, Margate, FL 33063

$7,647,059

Cap Rate 4.25%

Views: 43 DOM: 39 Updated: 11.13.24 Posted: 11.13.24 Status: Active

Summary

Price $7,647,059	Built/Renov 2018	Tenant Wawa (GL)
Cap Rate 4.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,943	Lease Start 01-19-2018	#Units 1,050
Price/SF $1,286.73	Expiration 01-31-2038	Tenant Type Convenience/Gas
NOI $325,000	R. Term 13.1	Ownership Ground Lease
Rent/SF $54.69	Increases 8.0%/5/yrs	Pop 5Mi 414,327
Lot/AC 1.92	Options 6/5yrs/8%	AHHI 5Mi $93,849

Lease Highlights

13+ years remaining on its current lease term with 6 (5-year) options to extend
The ground lease features 8% rental increases every 5 years starting in year 11
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Wawa is strategically located at the signalized, hard-corner intersection of Highway 441 and West Copans Road, which sees a high combined traffic count of 91,487 VPD. The site is surrounded by several retailers, including Valero, Goodwill, Culver’s, Stop ‘n Shop, Ford, and more. The 5-mile trade area is supported by a dense population of over 400,000 people across more than 150,000 households,...

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Key Features

Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Highway location
Top 100 MSA
Strong demographics
Income tax free state
Absolute NNN
Long 10+ yr lease
Corporate Guarantee

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Links

Wawa Wikipedia Wawa Wikipedia Margate, Florida Zip Code 33063 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Wawa
Guarantor:Corporate
Company:Wawa, Inc.
# Units:1,050
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,...

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Listing Broker

Jake Mahon

Sands Investment Group

Contact

3 Listings
148 Views
0 Sold

Chris Sands

Sands Investment Group

Contact

10 Listings
1419 Views
2 Sold

Jake Mahon

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Chris Sands

In 2010 Chris set out to form Sands Investment Group, a firm that would focus on buying and selling net lease properties. His vision was to lead a highly specialized and knowledgeable company able to provide clients with a level of service unprecedented in the industry. A few short years later, the result is one of the fastest growing and most successful net lease companies in the country, with advisors that are among the most distinguished and sought after in the industry. Born and raised in

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Clifton McCrory

Sands Investment Group

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37 Listings
3387 Views
4 Sold

John Brown

Sands Investment Group

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6 Listings
532 Views
0 Sold

Clifton McCrory

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John Brown

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