Wawa (GL)

3195 West Hallandale Beach Boulevard, Hallandale Beach, FL 33009

$7,979,000

Cap Rate 4.70%

Views: 132 DOM: 408 Updated: 08.22.24 Posted: 07.27.23 Status: Active

Summary

Price $7,979,000	Built/Renov 2023	Tenant Wawa (GL)
Cap Rate 4.70%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,636	Lease Start 12-01-2023	#Units 983
Price/SF $1,415.72	Expiration 12-01-2043	Tenant Type Convenience/Gas
NOI $375,000	R. Term 19.2	Ownership Ground Lease
Rent/SF $66.54	Increases 7.0%/5/yrs	Pop 5Mi 503,864
Lot/AC 2.37	Options 6/5yrs/7%	AHHI 5Mi $88,184

Lease Highlights

Brand-new 2023 construction which features high quality materials, latest design elements, and state-of-the-art features
Wawa signed a brand-new 20-year ground lease with 6 (5-year) options to extend
Lease features 7% rental increases throughout the initial term and each option period
Absolute NNN lease I Zero landlord responsibilities
Corporate guaranteed by Wawa, Inc.

Location Description

Wawa is strategically fronting Hallandale Beach Blvd. averaging 61,200 vehicles passing by daily. Directly off Interstate 95 (240,000 VPD), providing direct on/off ramp access for travelers. The subject property benefits from significant street sign frontage and multiple points of access, providing ease and convenience for customers. Hallandale Beach Blvd is a dense retail corridor occupied by...

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Key Features

New construction
Signalized intersection
Near major nationals
Freeway visibility
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Absolute NNN
Corporate Guarantee

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Links

Wawa Wikipedia Wawa Wikipedia Hallandale Beach, Florida Zip Code 33009 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Wawa
Guarantor:Corporate
Company:Wawa, Inc.
# Units:983
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, V22. Wawa, a...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	13,449	217,816	511,543
2023 Total Population :	13,417	209,782	501,050
2023 Employed Civilian Pop :	6,564	110,882	259,049
2023 Total Businesses :	1,315	18,142	35,341
2023 Average Household Income :	$ 59,263	$ 79,294	$ 88,524
2023 Total Consumer Spending :	$ 247 M	$ 5735 M	$ 14933 M
2023 Median Age :	40	41	42
2023 Total Households :	4,768	83,186	194,628
2023 Pop Age 25+: Bachelor's Degree :	1,238	29,030	73,397
2023 Average Home Value :	$ 302,813	$ 387,080	$ 451,954

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Hallandale Beach Blvd	Lake Shore Dr	2009	42,500	0.07 mi
West Hallandale Beach Boulevard	SW 36th Ave	2021	45,500	0.27 mi
S Park Rd	John P Curci Dr	2004	5,100	0.27 mi
W Hallandale Beach Blvd	Green Acres Rd	2009	42,500	0.39 mi
South Park Road	SW 24th St	2021	5,300	0.43 mi
SB I-95 @ 0.610 MP	W Hallandale Bea	2021	14,500	0.51 mi
SR-858/HALLANDALE WB	NW 3rd St	2021	22,500	0.52 mi
NB I-95	NW 1st Ct	2021	22,000	0.57 mi
SR-858/HALLANDALE EB	SW 2nd St	2021	15,500	0.57 mi
I- 95	W Hallandale Beach Blvd	2019	240,000	0.57 mi

Listing Broker

Patrick Nutt

SRS National Net Lease Group

Contact

247 Listings
19889 Views
83 Sold

William Wamble

SRS National Net Lease Group

Contact

171 Listings
14870 Views
40 Sold

Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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