Brand New 20-Year Ground Lease | Corporate Guaranteed | Investment Grade Tenant | Scheduled Rental Increases
– Brand new 20-year ground 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 950+ locations
-The ground lease features scheduled rental increases throughout the initial term and each option to extend, increasing NOI and hedging against inflation.
-Tenant Pays for CAm, Taxes, insurance and maintains all aspects of the presmises – NO landlord expenses.
– Brand new 20-year ground 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 950+ locations
-The ground lease features scheduled rental increases throughout the initial term and each option to extend, increasing NOI and hedging against inflation.
-Tenant Pays for CAm, Taxes, insurance and maintains all aspects of the presmises – NO landlord expenses.
Property Details
Price:
$8,333,000
MLS #:
A11511887
Status:
Active
Beds:
0
Baths:
0
Address:
3199 W Hallandale Beach Blvd
Type:
Commercial
Subtype:
Retail
City:
Pembroke Park
Listed Date:
Jul 10, 2023
State:
FL
Finished Sq Ft:
5,636
ZIP:
33009
Year Built:
2023
See this Listing
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Schools
Interior
Exterior
Financial
Buyer Agent Compensation
1.5%%
Taxes
$53,945
Map
Community
- Address3199 W Hallandale Beach Blvd Pembroke Park FL
- CityPembroke Park
- CountyBroward County
- Zip Code33009
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