•	Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
•	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 950+ locations
•	The ground lease features scheduled rental increases throughout the initial term and each option to extend, increasing NOI and hedging against inflation

Offering Memorandum

•	The asset is strategically fronting Hallandale Beach Blvd averaging 61,200 vehicles passing by daily
•	Directly off Interstate 95 (240,000 VPD), providing direct on/off ramp access for travelers
•	Hallandale Beach Blvd is a dense retail corridor with national/credit tenants such as Winn-Dixie, Walgreens, Family Dollar, Dollar Tree, McDonald’s, and more
•	More than 503,000 residents and 217,000 employees support the trade area
•	Average household income is $88,184

Hallandale Beach, FL - Wawa

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Jarrett Slear joined SRS Real Estate Partners in 2023 as Patrick Nutt’s lead analyst on the Florida Capital Markets team. During this time, he played a pivotal role in underwriting single-tenant properties, single-tenant portfolios, and several multi-tenant assets for both institutional and developer clients. As an analyst, Jarrett underwrote more than 500 assets, exceeding $1 billion in total property value. Since transition into brokerage, he’s successfully closed more than 60 transactions, exceeding $115 million in sales volume. Jarrett specializes in seller and buyer representation, with an extensive track record in the disposition of single-tenant retail assets, including QSR, banks, and vacant or distressed properties that present a value-add component through repositioning or redevelopment. Jarrett began his commercial real estate career in the summer of 2021 as an acquisitions and dispositions intern for a publicly traded REIT in Greater Philadelphia. This was followed by a full-time analyst role with the NNN Pro Group’s institutional coverage team in Manhattan, NY, prior to joining SRS.Jarrett graduated from Plymouth State University, where he was a member of the men’s NCAA ice hockey program. He holds a B.S in business administration with a minor in professional sales.

Jarrett Slear

Capital Markets

Investment Offering

Hallandale Beach, FL - Wawa

Description

Location

Contact

Patrick Nutt

William Wamble