3100 S Hickory St - Retail FOR SALE


Loxley, AL 36551
$3,670,000 USD
973-632-1386
3100 S Hickory St, Loxley, AL for Sale
$3,670,000 USD
Retail - FOR SALE
1/6
null | 5.15% 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

$3,670,000 USD

PRICE/SF

$576 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.14 AC

LAND SF

180,302 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 Policy.