Property Details

Wawa

Margate (Ft. Lauderdale), FL
Property ID: 11333

    Financial Summary

    Asking Price $6,840,000
    Cap Rate 4.75%
    Net Operating Income (NOI) $325,000
    Lease Type Ground Lease, NNN
    Lease Term Remaining 20 Years
    The Offering Memorandum for this property is no longer available.

    Contact

    Andrew Fallon
    Executive Managing Director
    703.787.4733

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    Highlights

    • 20-year corporate ground lease with rent increases
    • 2-acre hard corner location at lighted intersection
    • 8% rent bumps every 5 years, starting LY 11
    • Major commercial corridor with combined 81,000 VPD
    • Wawa operates over 800 locations

    Net Lease Advisor

    For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

    Location

    2000 State Road 7
    Margate (Ft. Lauderdale), FL

    Traci BidingerWawa