2901 W 16th Ave, Hialeah, 33012

  • $8,556,000

Listing UP for Sale

Hialeah

Overview

Property MLS #: A11536380
  • Property Type
  • Retail
  • 58202
  • Lot sqft

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 2901 W 16th Ave
  • City Hialeah
  • State/county Florida
  • Zip/Postal Code 33012
  • Area Miami-dade County

Details

Updated on March 11, 2024 at 2:23 pm
  • Property MLS #: A11536380
  • Price: $8,556,000
  • Land Area: 58202 sqft
  • Property Type: Retail
  • Property Status: Listing UP for Sale

Additional details

  • Days On Market: 127
  • Lot Size: 58202

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Patrick Nutt
  • Patrick Nutt