For Sale
$4,056,603
22100 Al-181Fairhope, AL 36532
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- Brand-new, 20-year Wawa ground lease with six 5-year options.
- Zero landlord responsibilities.
- Investment-grade (Fitch: BBB) lease guaranteed by Wawa, Inc., a nationally recognized brand with over 900 locations.
- Hard corner location at the busy intersection of Highways 181 and 104 in Baldwin County, Alabama; Highway 181 recently expanded to four lanes; 1,000 vehicles per day (VPD).
- Rent increases: 2% in year 10, 7% in year 16, and 7% upon option period execution.
Property Details for 22100 Al-181
- Property type
- Retail properties, Land
- Year Built
- 2024
- Lot Size (sq. ft)
- 118,483 SF
Location Insight
- City
- Fairhope
- County
- Baldwin
- State
- Alabama
- Latitude
- 30.545836804061
- Longitude
- -87.852118811958
22100 Al-181, Fairhope, Alabama
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