About 3199 W Hallandale Beach Blvd
Brand New 20-Year Ground Lease | Corporate Guaranteed | Investment Grade Tenant | Scheduled Rental Increases - 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. -Tenant Pays for CAm, Taxes, insurance and maintains all aspects of the presmises - NO landlord expenses.
Features of 3199 W Hallandale Beach Blvd
| MLS® # | A11511887 |
|---|---|
| Price | $8,333,000 |
| Year Built | 2023 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 3199 W Hallandale Beach Blvd |
|---|---|
| Area | 3080 |
| City | Pembroke Park |
| County | Broward County |
| State | FL |
| Zip Code | 33009 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 1 |
| Stories | One |
Additional Information
| Date Listed | February 12th, 2024 |
|---|---|
| Days on Market | 312 |
| Zoning Description | B-1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Year Built Details | New Construction |
| Tax Annual Amount | $53,945 |
| Buyer Agent Compensation | 1.5% |
Listing Details
| Office | SRS Real Estate Partners-SoFlo LLC |
|---|