Brand new 20-Year Lease | Corporate Guaranteed | Investment Grade Tenant | Scheduled Rent Increases
– Brand New 20-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
– The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 900+ locations.
– The ground lease features scheduled rental increase throughout the term and options to extend, increasing the NOI and hedging against inflation.
– Brand New 20-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
– The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 900+ locations.
– The ground lease features scheduled rental increase throughout the term and options to extend, increasing the NOI and hedging against inflation.
Property Details
Price:
$8,500,000
MLS #:
A11532876
Status:
Active
Beds:
0
Baths:
0
Address:
1801 N Federal Hwy
Type:
Commercial
Subtype:
Retail
City:
Hollywood
Listed Date:
May 27, 2023
State:
FL
Finished Sq Ft:
5,636
ZIP:
33020
Year Built:
2022
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Schools
Interior
Exterior
Financial
Buyer Agent Compensation
1.50%%
Taxes
$46,935
Map
Community
- Address1801 N Federal Hwy Hollywood FL
- CityHollywood
- CountyBroward County
- Zip Code33020
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