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Wawa 3100 S Hickory St 6,374 SF Retail Building Loxley, AL 36551 $3,600,000 ($564.79/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
$3,600,000
Price Per SF
$564.79
Cap Rate
5.25%
NOI
$189,000
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 | $87,820 |
| Land Assessment | $53,280 | Total Assessment | $141,100 |
PROPERTY TAXES
Parcel Number
42-05-15-1-000-002.000
Land Assessment
$53,280
Improvements Assessment
$87,820
Total Assessment
$141,100
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Wawa | 3100 S Hickory St
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