Wawa 1004 Edgewood Avenue N, Jacksonville, FL Cap Rate 4.5% Jacksonville ( Florida, US ) Built

$2,889,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 6,119 sq. ft.
  • Development Level: Built
  • Year Built: 2021

Description

Wawa 1004 Edgewood Avenue N, Jacksonville, FL Cap Rate 4.5%

Cap Rate: 4.5%
NOI: $130,000
Building Size: 6,119 sqft
Occupancy: 100%
Year Built: 2021

Price: $2,889,000 USD

DESCRIPTION
• 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 900+ locations
• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 5% rental increases every 5 years starting in lease year 11 and at the beginning of each option period, generating NOI and hedging against inflation

• The property will be located at the signalized, hard corner intersection of Edgewood Ave N. (24,000 VPD) and Commonwealth Avenue (12,000 VPD)
• Excellent visibility and access with significant amount of frontage along Edgewood Avenue and Commonwealth Avenue, making the property easily identifiable by passing customers
• Wawa will be constructed brand new from the ground up featuring their most up-to-date store design and amenities
• Nearly 164,000 residents and 144,000 employees support the 5-mile area
• $57,143 average household income within 5-miles

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.