Wawa Gas Station | Margate, FL
Sands Investment Group is Pleased to Exclusively Offer For Sale the 5,943 SF Wawa Absolute NNN Ground Lease 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.
- Absolute Triple Net (NNN) Ground Lease Providing For No Landlord Responsibility
- The Lease is Corporately Guaranteed By Wawa, Inc., a Nationally Recognized, Investment-Grade (Fitch: BBB) Convenience Store and Gas Brand, With Over 1,050 Locations Across the Country
- 8% Rental Escalations Every 5 Years (Starting in Year 11)
- Hard Corner Location at the Signalized Intersection of HWY 441 (52,212 VPD) and West Copans Road (39,275 VPD)
- 1.92 Acres of Prime Real Estate
- Florida is an Income Tax-Free State
- Over 13 Years of Term Remaining (January 2038)
- 6 x 5 Year Options to Extend
- Population of 414,327 in 5-Mile Radius With Average Household Income of $93,849
In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953
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