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

Offering Memorandum

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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

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Location

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

Traci BidingerWawa