18 Years Remaining Corporate Guaranteed Fitch BBB Scheduled Rental Increases Options to Extend The lease is corporate guaranteed by Wawa, Inc.
Website: | https://www.nestseekers.com/3405051 |
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Address: | 2901 W 16th Ave Hialeah, FL 33012 |
Ownership: | For Sale |
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Pets: | Pets Allowed |
Financials
Price: | $8,556,000 |
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Annual Taxes: | $20,485 |
Description
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.
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 |