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Gelfand Realty Miami Properties for Sale - Retail for Sale

2901 W 16TH AVE, HIALEAH GARDENS, FL 33012

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Retail - for Sale

2901 W 16TH AVE, HIALEAH GARDENS, FL 33012

Asking Price$8,556,000

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  • Days on market:

    127 day(s)

  • Original Price:

    $8,556,000

  • Tax Legal Description:

    HIALEAH PURA VIDA PB 174-065 T-24208 TR C LOT SIZE 58202 SQ FT M/L FAU 04 3011 002 0160-0170

  • Property Type:

    Retail

  • Special Listing Conditions:

    Sale

Description

$8,556,000

18+ years remaining | corporate guaranteed (fitch: bbb) | scheduled rental increases | options to extend - 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 1030+ locations - 18 years remaining on an original 20-year ground lease with 9 (5-year) options to extend, demonstrating their long-term commitment to the site -the ground lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option.
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