3100 S Hickory St - Service Station FOR SALE


Loxley, AL 36551
$3,600,000 USD
818-907-9525
3100 S Hickory St, Loxley, AL for Sale
$3,600,000 USD
Service Station - FOR SALE
1/4
null | 5.25% Cap Rate

3100 S Hickory St
Loxley, AL 36551


HIGHLIGHTS

  • BRAND NEW 2026 CONSTRUCTION: Brand new construction, scheduled for May 2026 delivery
  • BRAND NEW 20-YEAR ABSOLUTE NNN GROUND LEASE: Completely passive NNN ground lease structure with zero landlord responsibilities
  • INVESTMENT-GRADE TENANT: Corporate guaranteed lease by Wawa, which has 1,150+ locations and a strong Fitch credit rating of BBB
  • PRIME RETAIL CORRIDOR: Strategically located along Highway 59 near I-10 at a signalized intersection with strong visibility, access, and traffic
  • RAPIDLY GROWING TRADE AREA: Baldwin County is one of Alabama’s fastest-growing regions, with significant population growth
  • HIGH-GROWTH GULF COAST LOCATION: Benefiting from proximity to I-10, Mobile, Pensacola, and sustained population and tourism-driven demand

OVERVIEW

This offering presents a rare opportunity to acquire a brand-new, 2026 construction asset featuring a 20-year absolute NNN ground lease, providing a truly passive investment with zero landlord responsibilities. The property is backed by an investment-grade, corporate-guaranteed lease from Wawa, a nationally recognized operator with over 1,150 locations and a strong BBB credit rating, ensuring long-term income stability and minimal risk. Strategically positioned along Highway 59 near I-10 in Loxley, Alabama, the site benefits from prime visibility at a signalized intersection within a rapidly expanding Gulf Coast trade area. Baldwin County continues to experience significant population and economic growth, driven by major industrial developments and new retail expansions, supporting strong consumer demand. With proximity to Mobile and Pensacola and continued tourism and residential growth, this location is well-positioned for sustained long-term performance and appreciation.

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

Brand New Wawa in Loxley AL - 20 Yr NNN GL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding, undefined

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

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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