3100 S Hickory St - Service Station FOR SALE


Loxley, AL 36551
$3,600,000 USD
973-632-1386
3100 S Hickory St, Loxley, AL for Sale
$3,600,000 USD
Service Station - FOR SALE
1/9
null | 5.25% Cap Rate

3100 S Hickory St
Loxley, AL 36551


HIGHLIGHTS

  • Corporate Guaranty | Strong Brand | New 20-Year Ground Lease | Scheduled 7% Rent Increases
  • Absolute NNN Ground Lease | Zero Landlord Responsibilities
  • Dense Retail Corridor | Strong National Tenant Presence
  • Excellent Visibility & Access | Signalized, Hard Corner Intersection
  • Affluent Submarket | Significant New Development Activity
  • Baldwin County | Mobile MSA | Regional Economic Hub

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$565 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

-

APN/PARCEL ID

42-05-15-1-000-002.000

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.