18+ Years Remaining | Corporate Guaranteed (Fitch: BBB) | Scheduled Rental Increases
| Options to Extend
– 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 1030+ locations
– 18 years remaining on an original 20-year ground lease with 9 (5-year) options to extend, demonstrating their long-term commitment to the site
-The ground lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option.
| Options to Extend
– 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 1030+ locations
– 18 years remaining on an original 20-year ground lease with 9 (5-year) options to extend, demonstrating their long-term commitment to the site
-The ground lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option.
Property Details
Price:
$8,556,000
MLS #:
A11536380
Status:
Active
Beds:
0
Baths:
0
Address:
2901 W 16th Ave
Type:
Commercial
Subtype:
Retail
City:
Hialeah
Listed Date:
Oct 16, 2023
State:
FL
Finished Sq Ft:
6,141
ZIP:
33012
See this Listing
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Schools
Interior
Exterior
Financial
Buyer Agent Compensation
1.50%%
Taxes
$20,485
Map
Community
- Address2901 W 16th Ave Hialeah FL
- CityHialeah
- CountyMiami-Dade County
- Zip Code33012
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