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 ...
| Website: | https://www.nestseekers.com/3376792 |
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| Address: | 3199 W Hallandale Beach Blvd Pembroke Park, FL 33009 |
| Ownership: | For Sale |
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| Pets: | Pets Allowed |
Financials
| Price: | $8,333,000 |
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| Annual Taxes: | $53,945 |
Description
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.
Contact
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1305-907-7555 Fax: +1305-675-0745 | |
| Courtesy of SRS Real Estate Partners-SoFlo LLC | |
