Property Details

Wawa

West Palm Beach, FL
Property ID: 4076

Financial Summary

Asking Price $6,705,000
Cap Rate 4.25%
Net Operating Income (NOI) $285,000
Lease Type Ground Lease, NNN
Lease Term Remaining 20 Years
The Offering Memorandum for this property is no longer available.

Contact

Scott Campbell
Director
703.787.4714
Patrick R. Nutt
Managing Partner
703.787.4714

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Highlights

  • Brand new construction
  • Ground lease on high traffic roadway (42,210 VPD)
  • Increases 7% every 5 years starting in year 11
  • Investment grade tenant with long 20 year lease term
  • 300,000 people within 5 miles of property
  • Florida has no state income tax

Net Lease Advisor

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

Location

1771 S Congress Ave
West Palm Beach, FL

Traci BidingerWawa