Wawa Gas Station - Margate, FL | 2000 N State Road 7
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Wawa Gas Station - Margate, FL 2000 N State Road 7
5,943 SF Retail Building Margate, FL 33063 £6,033,529 (£1,015/SF) 4.25% Net Initial Yield
Investment Highlights
- Absolute Triple Net (NNN) Ground Lease Providing For No Landlord Responsibility
- 8% Rental Escalations Every 5 Years (Starting in Year 11)
- 1.92 Acres of Prime Real Estate
- The Lease is Corporately Guaranteed By Wawa, Inc., a Nationally Recognized, Investment-Grade (Fitch: BBB)
- Hard Corner Location at the Signalized Intersection of HWY 441 (52,212 VPD) and West Copans Road (39,275 VPD)
- Florida is an Income Tax-Free State
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 5,943 SF Wawa Gas Station Located at 2000 State Route 7 in Margate, FL. This Deal Includes an Absolute Triple Net (NNN) Ground Lease Providing For No Landlord Responsibility and 8% Rental Escalations Every 5-Years, Starting in Year 11, Providing For a Secured Investment.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,943 SF
Building Class
B
Year Built
2018
Price
£6,033,529
Price Per SF
£1,015
Net Initial Yield
4.25%
NOI
£256,425
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Land Acres
1.92 AC
Zoning
B-2 - Community Business District
Parking
40 Spaces (6.73 Spaces per 1,000 SF Leased)
Frontage
338 ft on W Copans Rd
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalised Intersection
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Wawa
- Retailer
- 5,943 SF
- £43.21
- Jan 2038
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Wawa | Retailer | 5,943 SF | £43.21 | Jan 2038 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 48-42-30-05-0010 | Improvements Assessment | £1,493,111 |
| Land Assessment | £2,335,791 | Total Assessment | £3,828,902 |
PROPERTY TAXES
Parcel Number
48-42-30-05-0010
Land Assessment
£2,335,791
Improvements Assessment
£1,493,111
Total Assessment
£3,828,902
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Jacob Mahon -
John Brown -
Clifton McCrory -
Chris Sands -
Andrew Ackerman -
Sands Investment Group
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Wawa Gas Station - Margate, FL | 2000 N State Road 7
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