10040 Encounter Dr - Convenience Store FOR SALE


Fairhope, AL 36532
$4,056,603 USD
251-510-2277
10040 Encounter Dr, Fairhope, AL for Sale
$4,056,603 USD
Convenience Store - FOR SALE
1/3
null | 5.3% Cap Rate

10040 Encounter Dr
Fairhope, AL 36532


HIGHLIGHTS

  • Brand-New 20 Year Lease – Strong Commitment to Site with (6) 5 Year Options
  • Zero Landlord Responsibilities
  • Lease is Guaranteed by Wawa, Inc., an Investment Grade (Fitch: BBB), Nationally Recognized Brand With over 900+ Locations
  • Located on the Hard Corner of the Increasingly Busy Intersection of Highway 181 and Highway 104 – Highway 181 was recently expanded to 4-lane to accom

OVERVIEW

Herrington Realty is pleased to present an outstanding new construction opportunity—an Absolute NNN, 20 Year Wawa Ground Lease—located at one of the more highly desirable intersections in Baldwin County. This property boasts an exceptional position on the northeast corner of State Highway 181 and State Highway 104, directly across from the recently established Publix Supermarket and the new USA Medical Campus. It is also conveniently adjacent to a new 250-unit multifamily subdivision. Benefiting from the remarkable development in the surrounding area and the city's recognition of this intersection as a prominent retail corridor, this property distinguishes itself as the most sought-after corner in all of Baldwin County.

FOR SALE DETAILS

PRICE

$4,056,603 USD

PRICE/SF

$663 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa- Absolute NNN 20 year Ground lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.72 AC

LAND SF

118,483 SF

ZONING

-

APN/PARCEL ID

46-01-02-0-000-001.510

ASK ABOUT THIS PROPERTY

Tim HerringtonHerrington Realty, Inc.More Info
251-510-2277

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Tim HerringtonHerrington Realty, Inc.More Info
251-510-2277

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