Property 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.

Address Map
FL
Miami-Dade County
Hialeah
33012
2901 W 16th Ave
W81° 41' 12.1''
N25° 50' 56.5''
MLS Addon
6,141 Sqft
127
127
1
1
04-30-11-051-0030
: Other
$20,485
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Commercialsale For Sale

2901 W 16th Ave, Hialeah, Florida 33012

58,202 Sqft
$8,556,000
MLS # #A11536380
Basic Details
Property Type : Commercialsale
Listing Type : For Sale
Price : $8,556,000
Lot Area : 58,202 Sqft
MLS # : A11536380
Property Sub Type : Retail
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