Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2000 N State Rd, Unit 7 Margate, FL

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $7,647,059

    Absolute NNN ground lease with investment-grade tenant Wawa.

    Property size:
    5,943 SF
    Lot size:
    1.95 Acres

    Property Features for 2000 N State Rd

    General Information

    Size
    5,943 SF
    Lot size
    1.95 Acres

    Source: Sands Investment Group (SIG) - Corporate Agent John Brown

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

    Overview

    NNN Ground Lease Wawa Property

    This property features an absolute triple net (NNN) ground lease, ensuring no landlord responsibilities. 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. The property includes 8% rental escalations every 5 years, starting in year 11. Situated on a hard corner location at the signalized intersection of HWY 441 (52,212 VPD) and West Copans Road (39,275 VPD), the property comprises 1.92 acres of prime real estate. Located in Florida, an income tax-free state, the property has over 13 years of term remaining, expiring in January 2038, with 6 x 5-year options to extend. The location benefits from a population of 414,327 within a 5-mile radius, with an average household income of $93,849. The property size is 5,943 square feet.
    Location Intelligence

    Current Use by Public Records

    Gas stations

    Map

    City
    Margate
    County
    Broward
    State
    Florida
    Longitude
    -80.206436
    Latitude
    26.2445263

    Nearby Similar for Sale

    • $1,900,000
      0.54 Acres

      Turnkey Restaurant Opportunity in Margate

      Turnkey Asian restaurant with recent renovations, business and property included.
      1821 N State Rd, Margate, FL 33063
      View Details
    • $1,367,500
      0.08 Acres

      Margate Retail/Office Condo Opportunity

      Spacious retail/office condo in high-traffic location, potential for multiple units.
      100 N State Rd, Margate, FL 33063
      View Details
    • $350,000

      Margate Commercial Condo For Sale

      966 sq ft commercial condo in prime Margate location.
      100 N State Rd, Margate, FL 33063
      View Details
    • $16,000,000
      36,637 SF

      Two Buildings on Ten Acres

      Two 37,28 SF buildings on 10 acres near Turnpike.
      767 S State Rd, Margate, FL
      View Details
    • $16,000,000
      36,637 SF

      Two-Building Portfolio Near Turnpike

      Two 36,637 SF buildings on 10 acres near Turnpike.
      777 S State Rd, Margate, FL
      View Details
    • $629,999

      Margate Duplex with Pool

      Duplex in Margate with pool, tenant occupied, investment opportunity.
      2678-2692 NW 65 Ave, Margate, FL 33063
      View Details

    FAQs

    What type of property is this?
    Gas station - Absolute NNN ground lease with investment-grade tenant Wawa.
    Where is this gas station located?
    The property is located at 2000 N State Rd, Unit 7 Margate, FL.
    What is the asking price?
    The asking price for this property is $7,647,059.
    What are key features of this property?
    This property features: - Absolute Triple Net (NNN) Ground Lease Providing For No Landlord Responsibility; - Corporately Guaranteed By Wawa, Inc. (Fitch: BBB) With Over 1,050 Locations; - Hard corner location at signalized intersection of HWY 441 (52,212 VPD) and West Copans Road (39,275 VPD)
    (843) 620-7762
    Request Owner's contact information
    2000 N State Rd, Unit 7 Margate, FL
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2000 N State Rd, Unit 7
    Margate, FL
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2000 N State Rd, Unit 7 Margate, FL
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.