Property
| Ownership: | For Sale |
|---|---|
| Pets: | Pets Allowed |
FinancialsPrice: $8,556,000 Annual Taxes: $20,485
| Price: | $8,556,000 |
|---|---|
| Annual Taxes: | $20,485 |
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1305-907-7555 Fax: +1305-675-0745 | |
| Courtesy of SRS Real Estate Partners-SoFlo LLC | |
Description18+ 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.
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.
18 Years Remaining Corporate Guaranteed Fitch BBB Scheduled Rental Increases Options to Extend The lease is corporate guaranteed by Wawa, Inc.
Description18+ 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.
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.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable,
but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors,
omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without
notice. International currency conversions where shown are estimates based on recent exchange rates and are
not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.