Corporate-Guaranteed NNN
For Sale
Contact for pricing
2901 W 16th Ave, Hialeah, FL 33012
Long-term ground lease backed by Wawa, Inc., with built-in rent escalations and extension options.
Property SizeContact for details
Days on Market144
Property Features for 2901 W 16th Ave
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Tampa
Listed By:
Patrick Nutt · License #BK3120739
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 3:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Tampa
Investment Insights
Based on property information with market context.
This NNN property in Hialeah is subject to a corporate-guaranteed ground lease with Wawa, Inc. The tenant is identified as an established convenience store and gas brand operating nationally, with the lease providing a long-term occupancy structure and scheduled increases.
The initial lease term has 18+ years remaining from its original 20-year term. Contractual rent increases occur every 5 years, with 10% increases during the initial term. The agreement also includes 9 (5-year) extension options, providing additional renewal periods beyond the base term. Wawa, Inc. carries a Fitch: BBB rating, and the property is located at 2901 W 16th Ave, Hialeah, FL 33012, within the Miami MSA.
The initial lease term has 18+ years remaining from its original 20-year term. Contractual rent increases occur every 5 years, with 10% increases during the initial term. The agreement also includes 9 (5-year) extension options, providing additional renewal periods beyond the base term. Wawa, Inc. carries a Fitch: BBB rating, and the property is located at 2901 W 16th Ave, Hialeah, FL 33012, within the Miami MSA.
Key Highlights
- 18+ years remaining on the original 20‑year ground lease
- Corporate guarantee from Wawa, Inc. with a Fitch: BBB rating
- 10% rental increases every 5 years during the initial term
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,264
Businesses Nearby
168k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 65%
Home Improvements & Furnishings 24%
Apparel 5%
Dining 4%
Target
Superstores
108,325 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
39,666 visits/mo
0.4 miles
SKECHERS Factory Outlet
Apparel
8,963 visits/mo
0.5 miles
Taco Bell
Dining
6,267 visits/mo
0.1 miles
Extra Space Storage
Shops & Services
1,968 visits/mo
0.2 miles
Demographics for 33012, FL
70,260
Population
25,923
Households
2.7
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
5.9 sq mi
ZIP Area
11,908
Density / Sq Mi
$45,818
Median Household Income
$32,039
Median Earnings
$1,562
Median Rent
$355,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Long-term ground lease backed by Wawa, Inc., with built-in rent escalations and extension options.
Where is this nnn property located?
The property is located at 2901 W 16th Ave Hialeah, FL.
What are key features of this property?
This property features: 18+ years remaining on the original 20‑year ground lease; Corporate guarantee from Wawa, Inc. with a Fitch: BBB rating; 10% rental increases every 5 years during the initial term
