- 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 1,030+ locations
- Wawa is strategically located at the signalized, hard corner intersection of W 16th Ave, W 29th St, and W Okeechobee Rd, averaging a combined 122,000 VPD
- Located directly off State Highway 826 (277,000 VPD), allowing for direct on/off ramp access to the site
- Positioned just outside of strong industrial district, providing a direct consumer base from which to draw
- The dense retail corridor is supported by surrounding retailers such as Target, Lowe’s, CVS, Walmart Supercenter, and more
Investment Offering
Hialeah, FL - Wawa
2901 W. 16th Avenue | Hialeah, FL 33012
$8,556,000
Price4.5%
Cap Rate$385,000
NOI2022
Year Built100%
Occupancy6,141
± SF Offering GLA1.34
± AC Land AreaDescription
Location
- More than 413,000 residents and 334,000 employees support the trade area
- Features an average household income of $77,702
- One of the most bilingual cities in America, Hialeah is known for its Cuban population, as visitors will find a strong influence of Hispanic culture from buildings to street signs and delicious cuisine
- Hialeah’s main tourist attractions include the Historic Hialeah Park Race Track converted into a casino and event center, the 515-acre Amelia Earhart Park, which encompasses five lakes, and the Leah Arts District brimming with vibrant murals
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739