2901 W 16th Ave, Hialeah, 33012
Listing UP for Sale
2901 W 16th Ave, Hialeah, 33012
Overview
- 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
Open on Google Maps- 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 ID: 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
Listing Agent Contact Information
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