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Wawa 3100 S Hickory St 6,374 SF Retail Building Loxley, AL 36551 $5,003,964 CAD ($785.06 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guaranty | Strong Brand | New 20-Year Ground Lease | Scheduled 7% Rent Increases
- Dense Retail Corridor | Strong National Tenant Presence
- Affluent Submarket | Significant New Development Activity
- Absolute NNN Ground Lease | Zero Landlord Responsibilities
- Excellent Visibility & Access | Signalized, Hard Corner Intersection
- Baldwin County | Mobile MSA | Regional Economic Hub
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a brand-new, absolute NNN ground lease Wawa investment property located in Loxley, Alabama. The tenant, Wawa, Inc., recently signed a 20-year lease with six (6) additional 5-year options to extend, demonstrating their long-term commitment to this location. The lease features 7% rental increases every five years starting in year 11 of the initial term and throughout option periods, steadily growing NOI and providing a built-in hedge against inflation. The lease is structured as an absolute NNN ground lease with zero landlord responsibilities, making it an ideal, management-free investment for a passive or out-of-state investor.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Building Size
6,374 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$5,003,964 CAD
Price Per SF
$785.06 CAD
Cap Rate
5.25%
NOI
$262,708 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
4.14 AC
PROPERTY TAXES
| Parcel Number | 42-05-15-1-000-002.000 | Improvements Assessment | $121,938 CAD |
| Land Assessment | $73,979 CAD | Total Assessment | $195,917 CAD |
PROPERTY TAXES
Parcel Number
42-05-15-1-000-002.000
Land Assessment
$73,979 CAD
Improvements Assessment
$121,938 CAD
Total Assessment
$195,917 CAD
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Wawa | 3100 S Hickory St
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