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1891 N Federal Hwy Hollywood, FL 33020

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For Sale
$8,100,000

Wawa ground lease with corporate guarantee and rental increases.

Property size:
5,636 SF
Lot size:
1.38 Acres

Property Features for 1891 N Federal Hwy

General Information

Size
5,636 SF
Lot size
1.38 Acres

Source: SRS Real Estate Partners | Fort Lauderdale Agent Patrick Nutt

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Hollywood, FL Wawa Ground Lease

This property is subject to a ground lease with over 18 years remaining, along with six 5-year options to extend, indicating a long-term commitment to the location. The lease is corporate guaranteed by Wawa, Inc., a nationally recognized convenience store and gas brand with over 1,040 locations and an investment grade credit rating (Fitch: BBB). The ground lease includes scheduled rental increases throughout the term and options to extend, which increases net operating income and hedges against inflation. The property is located in Hollywood, FL.
Location Intelligence

Current Use by Public Records

BLOCKBUSTER Video Store Kritter Sitters Services Pet Sitter Apex Air Duct ... Hvac Contractor

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Hollywood
County
Broward
State
Florida
Longitude
-80.1414251
Latitude
26.0292087

FAQs

What type of property is this?
Gas station - Wawa ground lease with corporate guarantee and rental increases.
Where is this gas station located?
The property is located at 1891 N Federal Hwy Hollywood, FL.
What is the asking price?
The asking price for this property is $8,100,000.
What are key features of this property?
This property features: - Corporate guaranteed lease by Wawa, Inc. (Fitch: BBB), a nationally recognized brand.; - 18+ years remaining on the lease with 6 (5-year) options to extend.; - Scheduled rental increases throughout the lease term and option periods.
More about this property
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